Anil Ambani takes massive leap, takes part in global bids for...., Kuwait, UAE, and Malaysia will now be...
Anil Ambani (File)
Anil Ambani takes massive leap: In a significant development for Mukesh Ambani's brother, Anil Ambani, Anil Ambani's Reliance Power Ltd is reportedly planning to set up a 1,500-MW gas-based power project overseas. Reliance Power is actively participating in several international tenders for its development and as per media report, Reliance Power has submitted competitive bids for gas-based power projects in Kuwait, UAE, and Malaysia as part of its selective global expansion strategy. Here are all the details you need to know about Anil Ambani's Reliance Power Ltd. What is Reliance Power planning?
As per a report by PTI news agency, Anil Ambani's company has recently secured two mega power projects in Bhutan – a 500-MW solar project and a 770-MW hydropower project. As a part of the project, Reliance Power plans to relocate two 750 MW modules of world-class equipment currently in its possession in India.
The PTI report also says that through the proposed project, the company aims to realise up to Rs 2,000 crore through the monetisation of these assets. Where are the Global projects of Reliance Power?
The report mentions that the demand for gas-based power – widely regarded as a clean energy source – is significantly high in countries such as Kuwait, the UAE, and Malaysia. However, global suppliers like GE typically require 3 to 5 years to deliver equipment for gas or LNG-based power plants and in comparison, Anil Ambani's Reliance Power has 1,500 MW of equipment readily available, which helps it to execute such projects in the shortest possible timeframe, giving it a major edge over other global giants. How Reliance Power is focusing on renewable and clean energy!
It should be noted that Reliance Power is actively focusing on renewable and clean energy. The company has a strong development pipeline, including 2.5 GWp of utility-scale solar projects and more than 2.5 GWh of Battery Energy Storage Systems (BESS).
(With inputs from agencies)
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