RPower ”ideally” placed for strong performance: Anil Ambani

TIL Desk/Business/Mumbai/ Reliance Anil Dhirubhai Ambani (ADAG) Group Chairman Anil Ambani on Monday said that Reliance Power is ideally positioned to deliver a strong operating and financial performance.

Addressing the Annual General Meeting of Reliance Power, Ambani observed that the company is among the top three private power generation companies with operating portfolio of about 6,000 megawatt (MW).

“My dear fellow shareowners, Reliance Power is ideally positioned to continue to deliver strong operating and financial performance,” he said. The company is now focused on development of the second phase of 1,500 megawatt gas-based projects in Bangladesh, he said.

The company has signed a memorandum of understanding (MoU) to develop 3,000 MW gas-based projects in Bangladesh.