Reliance Power to spent Rs 6,000 crore for solar power projects in Rajasthan

02 Apr 2012 Evaluate

Reliance Power is likely to spend more than Rs 6,000 crore for solar power generation projects in Rajasthan in the next two years. The firm has commissioned a 40 mega watt solar power plant in Rajasthan, which is the country's largest solar project so far. It plans to add another 100 mega watt capacity at the site in the next one year.

The company has invested Rs 700 crore for the 40 mega watt plant in Rajasthan. The long term power purchase agreement for the project has been signed with Reliance Infrastructure and the power generated will be used for Mumbai. The project is expected to generate more than 70 million units of clean power.

The project is financed with a debt equity ratio of 75:25. While Reliance Power has put in the entire equity, the debt has been provided by the US Exim Bank and the Asian Development Bank (ADB).

Reliance Power Share Price

44.08 -0.71 (-1.59%)
23-Dec-2024 12:53 View Price Chart
Peers
Company Name CMP
NTPC 334.05
Tata Power 399.15
Power Grid Corp 312.40
Adani Power 501.35
Torrent Power 1513.05
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt. Ltd.