Reliance Energy, a privately-owned power utility operating across Mumbai, Delhi and a number of Indian states, has announced a Rs 600B (US$13B) investment programme in its latest Annual General Meeting. Among the plans are generation projects with a total capacity of 16GW, of which a significant proportion will be hydro developments.
Chairman Anil Ambani said the company had begun preparatory work for three hydroelectric projects, won in competitive bidding last year, including the 280MW Urthing Sobla in Uttaranchal state and two projects totalling 1700MW in Arunachal Pradesh.
The company proposes to invest over US$2.2B in the hydro sector in a bid to meet huge peak demands and reduce dependence on gas.