Reliance Power plans Rs 50,000-cr capex over next five years

Reliance Power (RPower) plans to invest nearly Rs 50,000 crore in the next five years to undertake various expansion projects, including increasing power generation and coal production. 'We will complete our first phase of investments of Rs 50,000 crore, in development projects, this fiscal. We now plan to invest another Rs 50,000 crore in the next five years for undertaking various expansion projects,' RPower chairman Anil Ambani told shareholders during the AGM. He said the company has invested in projects like the 600-mw Butibori project in Maharashtra, the 4,000-mw Sasan UMPP and coal production in the region, the 40-mw solar project in Rajasthan and other wind-based projects.

'These projects are coming to financial closure and most of them have begun operations,' Ambani said. He said the funds will be used to commence power generation from its 4,000-mw ultra mega power project in Tilaiya in Jharkhand as well as the coal production, with a capacity of 40 mt per annum, linked with it and the 700-mw Tato hydel project in Arunachal.