R-Power plans to invest over Rs 600 billion in renewable and alternative energy
Posted by cfaking on September 24, 2008
Anil Dhirubhai Ambani Group (ADAG)-promoted Reliance Power (R-Power) is planning to invest over Rs 60,000 crore in renewable and alternative energy resources such as hydroelectric, wind, solar and fuel cell-based power. In addition, Reliance Natural Resources (RNRL), the fuel transportation arm of the Group, is planning to invest over Rs 12,000 crore in cement and shipping businesses.
R-Power Chairman Anil Ambani said the company was planning to generate about 5,000 MW from hydroelectric energy and that most of the projects for the same would come up in water-abundant northeastern states. He was addressing the company’s 14th annual general meeting (AGM) in Mumbai.
