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4w ago

Reliance Power Pursues 1,500 MW Overseas Gas Projects Using Ready Equipment

By placing bids in Kuwait, the UAE and Malaysia, Reliance Power aims to monetise two 750 MW modules to accelerate its overseas project rollout.

Reliance Power eyes overseas gas projects; targets Kuwait, UAE, Malaysia
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Reliance Power shares: Multibagger stock in focus as Anil Ambani-led firm eyes overseas projects

Overview

  • The company has submitted competitive offers for 1,500 MW of gas-based power capacity across tenders in Kuwait, the UAE and Malaysia.
  • Reliance Power plans to redeploy two of its imported 750 MW General Electric modules from India to new overseas projects.
  • Monetisation of the two modules is expected to generate up to ₹2,000 crore in value for the company’s balance sheet.
  • Having 1,500 MW of gas-power equipment on hand allows Reliance Power to outpace typical 3–5 year delivery timelines for such plants.
  • The firm continues to expand its clean-energy pipeline with 2.5 GWp of utility-scale solar projects and over 2.5 GWh of battery storage under development.