Reliance Power to raise over Rs 20,000 cr debthttps://indianexpress.com/article/news-archive/web/reliance-power-to-raise-over-rs-20-000-cr-debt/

Reliance Power to raise over Rs 20,000 cr debt

Reliance Power plans to raise more than Rs 200 billion in debt to fund power projects.

Reliance Power plans to raise more than Rs 200 billion in debt to fund power projects in the year 2009/10,its chairman,Anil Ambani,said at the annual shareholders meet on Tuesday. Reliance Power,a part of the Anil Dhirubhai Ambani Group,has won three of the four mega-power projects that would generate at least 4,000 megawatts each.

India’s peak power deficit is expected to widen to 12.6 per cent in 2009/10 from 11.9 per cent in 2008/09.