Reliance Power Plans 200-Megawatt Wind Energy Project in India

Reliance Power rose 2.87% to Rs. 93.20 at 10:43 IST on BSE on reports company plans to invest Rs. 1500 crore to develop a 200 megawatts wind power project at Vashpet in Maharashtra.

As per reports, Reliance Power’s proposed wind farm project in Maharashtra will be developed under a special purpose vehicle of Reliance Power (RPower) and can be scaled up to 400 megawatts (MW). Power generated from the wind farm will be wheeled for distribution in Mumbai by Reliance Infrastructure (R-Infra).

The wind turbines project is expected to be commissioned in phases and reach the full capacity of 200 MW by September 2012. RPower has entered into a long-term power purchase agreement with R-Infra at the tariff declared by Maharashtra State Electricity Regulatory Commission (MERC), which is Rs. 5.37 per unit, reports said.

Reliance Power (RPower), a part of the Anil Dhirubhai Ambani group (ADAG), is a private sector power generation firm. The company is implementing power projects with aggregate capacity of over 37,000 megawatts. The company has the largest coal reserves in the private sector.