Reliance Energy bags Rs 3,725 cr EPC contract from Damodar Valley

New Delhi, Dec 12 (UNI) Anil Ambani-promoted Reliance Energy Ltd today said it has bagged engineering, procurement and construction (EPC) contract worth Rs 3,725 crore from Damodar Valley Corporation (DVC) for setting up 1,200 MW coal-based power station at Raghunathpur in West Bengal.

The project will be implemented in an accelerated schedule of up to 38 months, a statement said.

With this, Reliance Energy will be implementing coal-based power projects of capacity exceeding 3,000 MW on EPC basis.

The EPC Group of Reliance Energy currently has orders on hand for execution aggregating over Rs 10,000 crore.

The DVC has embarked on an accelerated power capacity addition plan for the Eleventh Five Year Plan, including power plant based on 2 x 600 MW units in West Bengal.

UNI