After bagging the 4,000 mw ultra mega power project (UMPP) at Sasan in Madhya Pradesh, the Anil Dhirubhai Ambani Group (ADAG) company Reliance Power has launched the development of another coal-based project with a generation capacity of 3,910 mw in Madhya Pradesh with an investment of Rs 18,000 crore. The company has already signed the state support agreement with the Madhya Pradesh government. The proposed thermal project, which is the part of Reliance Power's plan to create generate capacity of 28,500 mw in next 10 to 12 years, would be developed on 80:30 debt-equity ratio. Of the Rs 18,000 crore, the company would raise Rs 8,900 crore through external commercial borrowings and Rs 6,000 crore of rupee loan. The balance would be its equity. Reliance Power has received letter from the Madhya Pradesh Power Corporation (MPPC) for the purchase of 1,200 mw of the proposed project at Rs 2.34 per unit. The company sources told FE ,