RIL eyes thermal power

After telecom, Mr Mukesh Ambani-led Reliance Industries Ltd (RIL) is looking to enter the thermal power projects sector and may bid for the ultra mega power projects in Chhattisgarh and Orissa.

“The company is likely to bid for the two UMPPs for which the government has issued RFQs (Request for Qualification),” a source close to the development said.
However, RIL spokesperson declined to comment. The government has invited bids for the 4,000 MW Sarguja UMPP in Chattisgarh by July 5 and a similar project at Bedabahal in Orissa by July 30.
RIL and ADAG, led by his brother Anil Ambani, on May 23 agreed to cancel all existing non-compete pacts which the groups had signed in 2006. This allows them to enter areas of business hitherto barred.
After the Supreme Court verdict on years of the long and bitter gas dispute, both RIL and ADAG announced they would expeditiously negotiate gas deal in accordance with the apex court order. — PTI

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