RPower plans Rs 4,000-cr capex to install FGD units
08 October 2019
Reliance Power has planned a capital expenditure of Rs 4,000 crore to install flue-gas desulfurization (FGD) units across its coal-based power plants.
As a part of its strategy to achieve clean green power, the company will focus on renewable energy projects like solar and wind, apart from looking at opportunities in waste to power generation in terms of biomass and biofuels, RPower chairman Anil Ambani said at the company's 25th annual general meeting.
"Reiterating our commitment to cleaner and greener power by reducing emissions, we are undertaking a CAPEX of nearly Rs 4,000 crore to install FGDs in our coal-based plants," he said.
He further said the company will grow its clean energy portfolio with solar, wind, biomass, biogas and waste-to-energy in the renewable energy space.
"This initiative is to meet the twin objectives of development of sustainable, cleaner and greener power generation portfolio and capital-light assets with shorter development cycle and quicker generation of reverse cash flows," he said.
Speaking about the company's plan to convert stranded gas-based assets at Samalkot into an opportunity in Bangladesh, Ambani said, "we have signed the PPA and gas supply agreements for the 750 MW gas-based generation plant in Bangladesh with a capital outlay of over Rs 5,000 crore. We have also brought in a joint venture partner JERA, the largest power utility in Japan."
"Building on the momentum of phase I development, our focus now is on the development of phase II of 1500 MW in line with the MoU signed for development of 3000 MW gas-based projects. With these developments, we will be able to completely retire the US EXIM debt of about Rs 2,400 crore," the chairman said.
Image Source: Google