Anil slots Rs 60k cr for green energy

  • 24/09/2008

  • Business Standard (New Delhi)

Bs Reporter / Mumbai September 24, 2008, 0:03 IST Says RNRL too may put Rs 12,000 cr in cement, shipping biz. Anil Dhirubhai Ambani Group (ADAG)-promoted Reliance Power (R-Power) is planning to invest over Rs 60,000 crore in renewable and alternative energy resources such as hydroelectric, wind, solar and fuel cell-based power. In addition, Reliance Natural Resources (RNRL), the fuel transportation arm of the Group, is planning to invest over Rs 12,000 crore in cement and shipping businesses. R-Power Chairman Anil Ambani said the company was planning to generate about 5,000 MW from hydroelectric energy and that most of the projects for the same would come up in water-abundant northeastern states. He was addressing the company