Plans underway for $2.2 billion project...
The Reliance Group, India's biggest private holding company, plans to build the world's largest gas-fired power plant.
The $2.2 billion, 3,500 MW plant will be built in the state of Uttar Pradesh in northern India. The generating capacity will nearly double available power in the state. Shri Anil D. Ambani, managing director of 1 RG subsidiary 2 BSES Ltd., said the plant would source its gas from the Krishna Godavari basin off the coast of Andhra Pradesh.
Shri Mulayam Singh Yadav, Uttar Pradesh chief minister, said, since power is the essential prerequisite of overall socio-economic development, [the new plant] will act as a catalyst to the overall development and growth of Uttar Pradesh and will benefit the 170 million people of the state. The state is expected to ask Prime Minister Shri Atal Bihari Vajpayee to rush the necessary environmental authorizations, the Financial Times reported.