Reliance Power, an Anil Dhirubhai Ambani group company, has got possession of 1,800-acre land required for its power plant in Krishnapattnam.
The land will be sufficient to begin work for the main plant and related facilities, and a further 700-acre land for residential and ash ponds will be acquired soon. The land was acquired by the Andhra Pradesh government and handed over to a special purpose vehicle created for Coastal Andhra Power, said a source. The SPVs are created by the central government to facilitate faster implementation of Ultra Mega Power Project, each with a capacity of 4,000 MW. These SPVs, which will get government and regulatory approvals, are transferred to companies after they won the bidding. Thus, CAPL is now a wholly-owned subsidiary of Reliance Power. The acquisition is in sharp contrast to the problems faced by the Tata Group at Singur. Tata Motors [Get Quote] have stopped work at the plant because of protest against the land acquisition http://www.rediff.com/money/2008/sep/22reliance1.htm You cannot teach a man anything; you can only help him discover it in himself. <<Galileo Galilei>> --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Kences1" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/kences1?hl=en -~----------~----~----~----~------~----~------~--~---
