Reliance Power raises Rs 20k cr for funding 5,000 MW projects
Anil Ambani-promoted Reliance Power on Tuesday said it has raised over Rs 20,000 crore for funding its three projects of total capacity of 5,000 MW.business Updated: Jul 28, 2009 15:54 IST
Anil Ambani-promoted Reliance Power on Tuesday said it has raised over Rs 20,000 crore for funding its three projects of total capacity of 5,000 MW.
"Reliance Power has raised over Rs 20,000 crore to fund three projects aggregating 5,000 MW," a company statement said.
This includes Rs 15,000 crore for the 4,000 MW Sasan thermal power project in Madhya Pradesh.
The company also plans to commission power projects worth 600 MW capacity during the current financial year.
Reliance Power holds around two billion tonnes of coal reserves to be utilised for its upcoming thermal power projects in the country.
The company has bagged three ultra mega power projects of capacity 4,000 MW each at Sasan (MP), Krishnapatnam (AP) and Tilaiya in Jharkhand, it said.
The company plans to commission power projects of about 3,000 MW capacity by the end of the 11th Five-Year Plan period (2007-12).