R-Power aims to be largest pvt power firm by 2015

Anil Dhirubhai Ambani Group (ADAG) group firm Reliance Power today said it aims to become the country’s largest private sector power generating company by 2015.

The company will also have an operational capacity of 5,000 mega watts (MW) by 2012 and will commission another 20,000 MW over the next three years, Chairman of the Reliance Anil Dhirubhai Ambani Group Anil Ambani said at the company’s annual general meeting (AGM) here.

Further, the company said it looks at achieving 25,000 MW capacity by 2015, 3,000 MW of hydro capacity by 2016 and 1,000 MW of green portfolio, consisting wind and solar, over next five years.

Ambani said the company has domestic mines holding over 2 billion tonnes of coal reserves that can support up to 20,000 MW of electricity generation capacity.

RPower’s Indonesian mines can support another 10,000 MW of capacity.

The firm’s coal bed methane (CBM) blocks have enough gas reserves for 2000 MW of power generation capacity, he said.

Post Supreme Court judgement on ADAG’s gas supply dispute with Mukesh Ambani-run Reliance Industries, R-Power has commenced the development of 10,000 MW of gas-based generation, he said, adding construction has started for the 2400 MW gas-based plant at Samalkot in Andhra Pradesh.

The project, which will cost Rs 10,000 crore, is expected to be completed by 2012, he said.

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