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Reliance Power gets $80-mn export financing nod from US Exim Bank

April 15, 2012 · Filed Under Reliance Power · Comment 

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The Export-Import Bank of the US has approved a $80.32 million (over Rs 400 crore) direct loan for Anil Ambani-led Reliance Group firm R-Power’s purchase of solar power technology from American companies.

The technology would be purchased from companies in eight states of the US and would be used for R-Power (Reliance Power) solar energy project in Rajasthan, India.

The Exim Bank said that its board has approved the loan for this project, named Rajasthan Sun Technique Energy Private Limited — a subsidiary of R-Power and being co-financed by Asian Development Bank and Dutch development bank.
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Reliance Power plans over Rs 6,000 crore investment in Rajasthan

April 1, 2012 · Filed Under Reliance Power · Comment 

Reliance Power plans to invest more than Rs 6,000 crore for solar power generation projects in Rajasthan in the next two years, its Chairman has said.

Anil Ambani group firm Reliance Power commissioned a 40 mega watt solar power plant in Rajasthan, which is the country’s largest solar project so far. Another 100 mega watt capacity would be added at the site in the next one year.
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Mukesh Ambani’s RIL and Anil’s Reliance Power in talks to develop Sohagpur CBM block

February 1, 2012 · Filed Under Ambani Family · Comment 

Mukesh Ambani’s Reliance Industries and his younger brother Anil’s Reliance Power have held initial talks to jointly develop their adjoining coal-bed methane (CBM) blocks, giving the estranged brothers another opportunity to join forces apart from the potential handshake in the telecom sector.

Executives of RIL and Reliance Power confirmed that the two companies had initiated discussions a few months ago to optimise costs by developing common infrastructure at the contiguous CBM blocks in Madhya Pradesh. But talks were preliminary and so far they have not made significant headway, they said.
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Reliance Power starts third unit at Rosa

December 29, 2011 · Filed Under Reliance Power · 4 Comments 

Reliance Power has commissioned another 300-mw unit of its power project at Rosa in Uttar Pradesh, taking the total capacity to 900 mw, the company said on Wednesday.

Announcing the commissioning on the 80th birth anniversary of Dhirubhai Ambani, Reliance Power Chief Executive Officer J P Chalsani said the plant was operating at 85% capacity and Chinese equipment, sourced from the Shanghai Electric Company, was functioning well.
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Reliance Power to Buy First Solar Panels for U.S.-Backed Project

September 6, 2011 · Filed Under Reliance Power · Comment 

Indian billionaire Anil Ambani- controlled Reliance Power Ltd. (RPWR) will buy solar panels from First Solar Inc. (FSLR), the world’s second-biggest maker of the equipment by sales, for a 100-megawatt project backed by U.S. funding.
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Reliance Power gets High Court okay to merge RNRL with self

October 16, 2010 · Filed Under Reliance Power · Comment 

Reliance Power on Friday said that the Bombay High Court has approved the merger of Reliance Natural Resources (RNRL) and other group companies with itself.

The court approval follows shareholders’ consent to the merger of Reliance Futura and its arms, and group company RNRL with Reliance Power. Reliance Futura’s subsidiaries being merged with Reliance Power are — Atos Trading, Atos Mercantile, Coastal Andhra Power Infrastructure and Reliance Prima.

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Reliance Infra power bills unlikely to rise

October 7, 2010 · Filed Under Reliance Infrastructure · Comment 

The 28 lakh suburban power consumers, who get their supply from Reliance Infrastructure (RInfra), are unlikely to have to pay more for electricity as the state Cabinet on Wednesday agreed in principle to once again stall its plan to hike tariff by 7%. The state government has the power to invoke

section 108 of the Electricity Act, 2003, to stay a tariff revision. The Congress government had used it last year too to stall a RInfra tariff hike.

On Wednesday, the Cabinet met after completing the day’s agenda, prompted by protests from the ruling Congress and Opposition parties. While the Congress and Shiv Sena activists had protested at RInfra’s office on Tuesday, the BJP had led an agitation on Wednesday.
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Reliance Power moves SC over Dadri land project

January 3, 2010 · Filed Under Reliance Power · 1 Comment 

Anil Ambani’s Reliance Power Ltd (RPL) has moved to the Supreme Court challenging the Allahabad High Court’s verdict that had in effect cancelled the acquisition of 2,500 acres of agricultural land for the group’s Rs 25,000-crore gas-based Dadri power plant. The matter is coming up for hearing this week.

RPL (formerly known as Reliance Energy Generation Ltd) in its SLP said that the high court had erred in exercising its discretionary jurisdiction in the petitions filed by the farmers after a delay of four years and the same had put an industrial project of national importance in jeopardy.
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Reliance Rosa Power Plant Starts Generating Power

December 30, 2009 · Filed Under Reliance Power · 9 Comments 

Anil Ambani-controlled Reliance Power commenced generating power at its Rs 6,000-crore Rosa Power Project in the northern state of Uttar Pradesh on Monday, reports suggest.

The coal-based 1,200 Mw project comprises two stages of 600 Mw each. The first stage has been completed nearly four months ahead of the schedule.

When the Rosa Project reaches full steam, it would account for almost 30 per cent of the total thermal power generation in UP, Reliance Power CEO J P Chalasani reportedly said.
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Reliance Power Rosa plant project takes off today

December 28, 2009 · Filed Under Reliance Power · 2 Comments 

One of the four 300 MW-capacity units of a thermal power plant developed by Reliance Power here was commissioned here Monday morning.

The second 300 MW-unit will be commissioned by the end of January, and will be followed by the other two 300 MW-units by March 2012. The 1,200-MW plant at Roja, is located about 175 km from Uttar Pradesh capital Lucknow.

In fact, March 2012 would mark the beginning of a new era in the history of Reliance Power as we hope to simultaneously commission two other power projects — a 600-MW plant in Nagpur and a 1,300-MW plant at Sasan in Madhya Pradesh, said Reliance Power chief executive officer J.P. Chalasani.
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