rediff.com

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  

Rediff News  All News 
Rediff.com  » Business » Reliance Power wins mega power project in AP

Reliance Power wins mega power project in AP

November 27, 2007 14:17 IST
Anil Ambani-led Reliance Power, which emerged as the lowest bidder for the 4,000 MW ultra mega power project at Krishnapatnam in Andhra Pradesh, will be awarded the contract in a few days, Power Minister Sushilkumar Shinde said on Tuesday.

The company had placed a winning bid of Rs 2.33 per unit for the project, the third such after the Sasan and Mundra UMPPs.

Reliance Power has already bagged the contract for the UMPP in Sasan, Madhya Pradesh, while Tata Power will execute the other project in Mundra, Gujarat. Shinde told PTI that Reliance Power would be awarded the contract in a few days.

He said the government, in the 11th Plan period, would add over 78,000 MW of power generating capacity, which is 28 per cent more than the capacity added during the last three plans.

The capacity addition does not include the ultra mega power projects, Shinde clarified and added that another 12,164 MW capacity would be created through captive power plants during the period.

The minister said equipment for producing 56,067 MW of power has already been placed and another 12,250 MW contract would be awarded by March 2008.

© Copyright 2013 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.