Reliance Energy plans big in Indian energy market

Reliance Energy Ltd plans to spend Rs.60000 crore to contribute one-quarter of India’s additional generating capacity over the next 5 years. This would increase the company’s generating capacity almost 17 times from 941 megawatts to 16,000 megawatts.

The company expects to win two ultra mega power projects, with a generation capacity of 4,000 MW each and an investment outlay of Rs.40000 crore.

It has emerged as the lowest bidder for 1,500 km of transmission lines to be completed by 2010 with an estimated cost of Rs.2000 crore.

REL also intends to invest Rs.12000 crore in 2,000 MW of nuclear power generation. On the transmission front, REL is planning to participate in 14 ultra mega transmission projects with an estimated cost of Rs. 25,000 crore.

Also, ADAG’s RNRL has sought Government nod for investing Rs. 2000 crore in gas distribution in Delhi and Mumbai.