Reliance Power to invest $5 billion in South Sumatra coal

• 13 years ago (2010-08-25)
• David Flin

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India’s Reliance Power has announced that it will invest $5 billion to develop three coal mines and a railway in Indonesia’s South Sumatra, to help support the company’s ambitious domestic programme to boost electricity programme. Jayarama Prasad Chalasani, Chief Executive of Reliance Power, said that Reliance would also be interested in developing power plants in Indonesia.

The $5 billion investment will include three coal mines, as well as infrastructure including a railway and a port in Jambi. It is expected that the mines will be producing 50 million tons of coal annually after five years.

Reliance Power plans to build 16 plants with a total capacity of 33,780 MW in India. These include seven coal-fired plants.