Anil Ambani-led Reliance Energy Ltd is charting an bold world growth, with plans to arrange a 1,500-MW gas-based energy venture abroad whereas vying for a number of worldwide contracts, in line with sources.
Reliance Energy has submitted aggressive bids for gas-based energy tasks in Kuwait, the UAE, and Malaysia as a part of its selective world technique, as per a PTI report. The corporate has already secured important footholds in Bhutan, clinching two mega energy tasks — a 500-MW photo voltaic enterprise and a 770-MW hydropower venture.
Primarily based on the result of its ongoing worldwide bids, Reliance Energy plans to relocate two 750-MW modules of world-class gear at present in its possession in India, the report added. The proposed abroad venture is predicted to create important worth in Reliance Energy’s steadiness sheet, as the corporate goals to understand as much as Rs 2,000 crore via the monetisation of those belongings.
A Reliance Energy spokesperson confirmed the corporate’s participation in world tenders to PTI.
Initially, the corporate had imported three modules of 750-MW world-class gear from Basic Electrical, USA, for a gas-based mixed cycle energy venture, out of which one module was exported to Bangladesh for an LNG-based energy venture in partnership with Japan’s JERA.
Now, Reliance Energy intends to deploy the remaining two modules for the same venture at an abroad location.
The demand for gas-based energy — broadly thought to be a clear power supply — is considerably excessive in international locations akin to Kuwait, the UAE, and Malaysia. Nonetheless, world suppliers like GE usually require three to 5 years to ship gear for gasoline or LNG-based energy crops.
In distinction, Reliance Energy has 1,500 MW of kit available, enabling it to execute such tasks within the shortest potential timeframe.
Reliance Energy is actively specializing in renewable and clear power. The corporate has a robust improvement pipeline, together with 2.5 GWp of utility-scale photo voltaic tasks and greater than 2.5 GWh of Battery Power Storage Techniques (BESS).
It has additionally entered right into a three way partnership with the Bhutan Authorities’s Druk Holding & Investments (DHI) for the event of a 500-MW photo voltaic venture and a 770-MW hydropower venture in Bhutan. This marks the most important international direct funding by an Indian personal firm in Bhutan’s renewable power sector.
