Reliance Power has received in-principle approval from the RBI for raising external commercial borrowings (ECB) of $2 billion for its 4,000 mw ultra mega power project at Tilaiya in Jharkhand.
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APP: set up EGoM on coal contracts
The Association of Power Producers (APP) has demanded setting up of an empowered grÂoup of ministers (EGoM) to reÂview the current bidding conÂtracts in view of the coal shortage.
120 transmission projects face roadblocks
Problems in acquiring land and forest clearÂance delays have grounded at least 120 power transmission projects according to CEA sources.
RInfra, R-power ink EPC deal
Reliance Infrastructure received a Rs 7,200 crore order for engineering, procurement and construction (EPC) from Reliance Power (R-Power).
R-Power borrows Rs 4,000 cr from PFC for its UMPPs
Reliance Power borrowed Rs 4,000 crore from Power Finance Corporation (PFC) to achieve financial closure of two ultra mega power projects (UMPP).