Reliance Power seeks to exit Krishnapatnam power project

Hyderabad: Looking to exit the stalled 4,000 megawatt (MW) Krishnapatnam power project, Reliance Power Ltd has written to the Andhra Pradesh government suggesting that it could be done on similar lines to that of Tilaiya UMPP (ultra mega power project), which was acquired by procurers from the company.

Reliance Power has said the Krishnapatnam UMPP, which was awarded to it in 2007, could not be taken forward due to escalated coal cost from Indonesia, among other factors. The Krishnapatnam UMPP is located in Andhra Pradesh while Tilaiya plant was in Jharkhand.

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