Reliance Power is all set to double the capacity of its Rosa and Butibori power plants to 2,400 MW and 1,200 MW, respectively, even as a solar plant will be set up with a capacity of 300-400 MW, the company’s Chairman Anil Ambani said on Tuesday.
"We look at future opportunities with great caution. We will not expand just for the heck of it. In the near future, we will expand the capacity of our existing thermal plants at Rosa in Uttar Pradesh and Butibori in Maharashtra," Ambani told the company’s shareholders here.
Ambani said Reliance Power has signed an agreement with Bangladesh for setting up a 3,000 MW gas-based power project. "This will be the largest foreign investment there. The government of Bangladesh has granted approval for 750 MW of Phase I at Meghnaghat near Dhaka."
Ambani said the company has completed Phase I of Rs.50,000 crore capital infusion programme in record time. Reliance Power has an operating capacity of 6,000 MW. It is also the largest private sector coal producer in the country with 20 million tonnes per annum capacity.
In April 2015, Reliance Power terminated its deal for Tilaiya ultra mega power plant, as land acquisition was not fulfilled. This reduced the capital expenditure by Rs.36,000 crore, he said, adding that similar route was being examined for the Krishnapatnam ultra mega power project, with an impact of Rs.20,000 crore.