Reliance Power plans Rs 4,000 crore capex to install FGD units

Reliance Power has planned Rs 4,000 crore capital expenditure to install flue-gas desulfurization (FGD) units across its coal-based power plants.

The Anil Ambani-led company, as part of its strategy to achieve clean green power, will focus on renewable energy projects like solar and wind, apart from looking at opportunities in waste to power generation in terms of biomass and biofuels.

This was stated by RPower chairman Anil Ambani said at the company’s 25th annual general meeting. He said: “Reiterating our commitment to cleaner and greener power by reducing emissions, we are undertaking a capex of nearly Rs 4,000 crore to install FGDs in our coal-based plants.”

Ambani added that the company will grow its clean energy portfolio with solar, wind, biomass, bio-gas and waste-to- energy in the renewable energy space.

“This initiative is to meet the twin objectives of development of sustainable, cleaner and greener power generation portfolio and capital-light assets with shorter development cycle and quicker generation of reverse cash flows,” he stated.

Image Credit : img.etimg.com

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