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 grĂÂoup of ministers (EGoM) to reĂÂview the current bidding conĂÂtracts in view of the coal shortage.
120 transmission projects face roadblocks
Problems in acquiring land and forest clearĂÂance 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).

