Reliance Power Offloads Assets To Clear Off Debts

Confirmed reports have come in that Reliance Power is now starting to export of power equipment from its Samalkot project in Andhra Pradesh to its Bangladesh project. This move, it is being confirmed, will help the company pare debt of nearly Rs 1,500 crore. This is going to be Module 1 of the gas-based power equipment. The capacity of the equipment is 750 MW. According to a senior official, “This equipment is being exported from its Samalkot project. The process of exporting the equipment for the 750 MW LNG-based power project in Bangladesh is expected to be completed by theConfirmed reports have come in that Reliance Power is now starting to export of power equipment from its Samalkot project in Andhra Pradesh to its Bangladesh project. This move, it is being confirmed, will help the company pare debt of nearly Rs 1,500 crore. This is going to be Module 1 of the gas-based power equipment. The capacity of the equipment is 750 MW. According to a senior official, “This equipment is being exported from its Samalkot project. The process of exporting the equipment for the 750 MW LNG-based power project in Bangladesh is expected to be completed by the […]