‘Energy’ Booster

Then there is also the good news of Reliance Energy Limited’s success in terms of securing four coalbed methane blocks in July this year with an estimated 235 billion cubic metres of gas – sufficient to power 5000 MW of power generation. Yet another invaluable source of natural gas for Anil’s ambitious dream. According to Reliance Energy officials, “Reliance’s future growth is dependent on setting up of large capacity based power plants. But the feasibility of these power plants depends upon the ability of REL and its affiliates to source the gas feed stock economically and on a sustainable basis from RIL,” And sadly, this is where the joy ride for Anil Ambani seems to have hit a roadblock. His ambitious 7,480 MW Dadri Power Project seems to have run out of gas with the government declining to allow the Mukesh Ambani led Reliance Industries Limited (RIL) to supply gas to Anil Ambani’s Reliance Natural Resources (RNRL) at a cheaper rate (part of the family settlement).

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Editor: Arindam Chaudhuri

Source: IIPM Publication and Business & Economy


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