SOURCE: Industrial Info Resources

January 14, 2008 05:00 ET

Reliance Power Plans 28,000 Megawatts in India, Eyes Global Acquisitions, an Industrial Info News Alert

JOHANNESBURG, SOUTH AFRICA--(Marketwire - January 14, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- As Reliance Power (RP) approaches its initial public offering of 260 million shares on the stock market in mid-January, the company is staying active on projects in India and worldwide. In India, RP plans to build 13 projects with an investment of $28 billion over the next seven years and to create generation capacity of 28,000 megawatts. RP hopes to raise $2.64 billion with the issue.

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