Wednesday, September 24, 2008

Reliance Power And Power Purchase Agreements - Sep 24, 2008

Mr. Ambani, the Chairman of Reliance Power Ltd, the company which is engaged in the development, construction and operation of power generation projects with a installed capacity of over 28,000 MW, said- the power generated will be sold under a combination of long term and medium term Power Purchase Agreements (PPAs). He also conveyed while addressing the gathering that, a portion of the capacity will also be reserved for merchant sale. So far, long-term PPAs to the tune of 10,000 MW have been committed.

Moreover, the company is also exploring opportunities in solar power. For this, it is setting up a 100 MW grid interactive concentration solar power plant through an exclusive tie-up with a technology provider.

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