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Reliance ADA Group today said it will enhance its integrated power plants in Madhya Pradesh at an investment of Rs 20,000 crore and “will sell power to the state at Rs 1.19 a unit for the next 25 years”.
Reliance ADAG plans to set up an integrated plant of 2,000 MW generation capacity and a 5-million tonne cement unit shortly, Chairman Anil Ambani said at the Global Investor Meet (GIM) here.
The group had already invested Rs 30,000 crore on an integrated (coal-to-power, power-to-cement) plant on Sasan project which has 4,000 MW capacity, he said.
“We will sell power to the state at Rs 1.19 for the next 25 years,” he added.
Recalling the visionary spirit of his father, the late Dhirubhai Ambani, he said a dream seen with closed eyes could be dangerous, but a dream with open eyes can realise the reality of life, and one day it could come true too.
At the inaugural session of GIM, 15 major MoUs worth Rs 40,485 crore were signed. The Chief Minister Chouhan and his Industry Minister Kailash Vijayvargiya exchanged MoU documents in the presence of 1,500 delegates, including 200 from 16 foreign countries.
Assuring delegates of the best infrastructure in the state, the Chief Minister claimed that every village in Madhya Pradesh would be connected to roads by 2013 and power would be available 24x7, besides clearance and approval of projects on a “single table” every Monday at the secretariat in Bhopal.
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