On 1August 2007, Reliance Power, which successfully bid for executing the 4,000 MW Sasan ultra mega power project in Madhya Pradesh, received a letter of intent (LoI) from Sasan Power. The project is estimated to cost Rs.20,000 crore.

SPL, a subsidiary of Power Finance Corporation, is expecting land acquisition notification and environmental clearances shortly. RPL, a subsidiary of Reliance Energy, was given the LoI after it put in a bid of Rs.1.19 per unit for the project that was initially given to Lanco-Globeleq consortium.

Coal Ministry has also agreed to provide a block for the Sasan project. The block was earlier allotted to NTPC, but the state-run generation major has now been given another larger block. Reliance Energy has also tied up with a foreign company for getting 660 MW capacity equipment such as boilers.

Also See:

RPL bags Sasan UMPP (30-Jul-07)

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