Power Today |
Advertise Here [728 W x 90 H pixels]
News Brief | October 2012

RInfra to offload up to 26% stake in projects

Reliance Power Transmission, a wholly-owned subsidiary of Reliance Infrastructure, plans to offload upto 26 percent stake in Talcher (South India) and North Karanpura (central and west India) transmission projects, media reports suggest.

The company is said to have lost interest in transmission projects as these projects are suffering from some issues. The company has been requesting relief for cost overruns, claiming that the projects would otherwise be unviable.

The progress on the two projects is extremely slow compared with other projects granted to other companies during the same period or even later.

Reports indicate that the company is in talks with strategic players to offload the stake. Reliance Power Transmission, a wholly-owned subsidiary of BSE-listed Reliance Infrastructure, was allotted both these projects in 2010 and is allowed to sell a maximum of 26 per cent stake in the projects till five years from the date of award of contract.

However, the Central Electricity Regulatory Commission (CERC), the apex regulator, has clearly conveyed that no change can be made for the next 25 years for which the project would run.

Post your comment
Verification Code:   Change Image


Posted Comment
1 .     Yogesh Says:
17 Oct 2016
I wish to start pvc / pp electric wire unit in Delhi. What kind of information I can get if I subscribe for your magazine

2 .     Sarfaraj Bilakhiya Says:
20 Sep 2016
Pls invite me all auction in gujarat

3 .     k.natarajan Says:
20 Jun 2016
we are doing business developing for solar power ,thermal power , customer supporting and we have 45 mw splar power on hand needs investors..... thanks lot pls call +910842559230 +919842753550

Advertise Here [728 W x 90 H pixels]