
MUMBAI, June 17 (UPI) -- India's Reliance Industries Ltd. is considering expanding its business to include coal and renewable energy based project.
The shift in emphasis would be significant, as RIL is one of India's biggest producers of natural gas, The Business Standard reported Thursday.
Industry sources, speaking off the record, stated that RIL intends not only to submit proposals for large power projects but seek to acquire power plants as well, citing RIL's expressed interest in bidding for a 4,000-megawatt Surguja in Chhattisgarh and a similar project in Bedabahal in Orissa.
An RIL representative declined to comment on the company's acquisition's policies.
India's Ministry of Power has already issued Requests for Qualification for both the Surguja and Bedabahal projects, with a July 5 and July 30 deadline, respectively.
Industry observers noted that RIL's bidding for bidding for the two projects will be a strategic move for RIL to assemble a large-scale power generation capacity.
|
|
|
| Additional Energy Resources Stories | |
BAGHDAD, Feb. 10 (UPI) --
Iran has been plundering oil from southern Iraq, a theft on a grand scale that's helping Tehran withstand sanctions aimed at throttling its oil exports.
|
ARLINGTON, Va., Feb. 10 (UPI) --
The United States and Israel have flight tested the Arrow Weapon System to evaluate and verify the missile system's Block 4configuration.
|
Local markets will probably not be swamped by waves of foreclosures following the multi-state mortgage settlement announced yesterday. Rather, the huge inventory of one to two million foreclosures will enter markets gradually....
|
Doubts about the euro are not subsiding, new leadership or not, rescue plan or not.
|
| Stories | Photos | People | Comments |
View Caption