Anil Ambani plans BIG move as Reliance firm participates in global bids for…; plans to set up…
Anil Ambani has recently provided a 500 MW solar project in Bhutan and two mega energy projects, a 770 MW hydroelectric project.
Reliance Group President Anil Ambani has been playing his job for the last few years. Several RelANCE companies became debtless and provided major projects. Now, Reliance Power, led by Anil Ambani, plans to establish a 1,500 MW gas -based power project abroad. According to sources, PTI actively participates in various international tenders for its development. The company has recently provided a 500 MW solar project in Bhutan and two mega power projects with a 770 MW hydroelectric project. Reliance Power currently has a market limit of 28933 RS as of June 30. Stocks were closed on Monday at 70.19 RS.
Reliance power offers for gas -based power projects
References, Reance Power (RPower) presented competitive proposals for gas -based energy projects in Kuwait, UAE and Malaysia as part of the selective global expansion strategy. Based on the results of the ongoing international proposals, the company, led by Ambani, plans to change the two 750 MW modules in India world -class equipment. The proposed project is expected to create a significant value in the balance sheet of the Reliance Power, because the company aims to realize up to 2,000 RS by making money.
Reliance imported 3 modules
General Electric for a gas -based United Cycle Power Project, where a module was exported to Bangladesh for a LNG -based power project jointly with Japan Jera, imported three 750 MW world -class modules from the USA. Reliance Power now plans to distribute the remaining two modules in a similar project.
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Gas -based power demand
In countries such as Kuwait, UAE and Malaysia, the demand for gas -based power is significantly high. It is considered a clean energy source. However, global suppliers such as GE typically require 3 to 5 years to provide equipment for gas or LNG -based energy power plants. In contrast, Reliance Power can easily access a 1,500 MW equipment and enable such projects to carry out the shortest time period.
Reliance Power’s focus on renewable and clean energy
The trust force focuses on actively renewable and clean energy. The company has a 2,5 GWP service scale solar energy project and a powerful development pipeline, including more than 2.5 GWh battery energy storage system (BESS).
(With inputs from PTI)
