September 2013
M T W T F S S
« Jul    
 1
2345678
9101112131415
16171819202122
23242526272829
30  

Contact us

Reliance Cap to invest Rs 100 cr in wind power venture

Financial services major Reliance Capital is investing Rs 100 crore in a wind energy joint venture in the country, partnering with China’s Ming Yang Wind Power Group.

Ming Yang entered into an agreement with Reliance Capital last year to establish a joint venture by subscribing to a significant stake in the share capital of Global Wind Power Ltd (GWPL), a leading wind power solutions provider in India.

Giving an update on this partnership, Reliance Capital Chairman Anil Ambani today said that the agreement would be closed soon and an investment of Rs 100 crore would be made.

“Our agreement with Ming Yang Power from China is in place. We believe that it will be closed shortly and investment of over Rs 100 crore will come through the joint venture,” Ambani said while replying to shareholders’ queries at Reliance Capital’s Annual General Meeting here.

Ming Yang announced this agreement with Reliance Capital and other entities of Ambani-led Reliance Group on July 2, 2012, but no financial details were provided at that time.

Ming Yang had also signed a Memorandum of Understanding (MoU) with Reliance Power to co-develop a large portfolio of clean energy projects in India.

The Chinese firm produces advanced wind turbines with high energy output and provides customers with comprehensive post-sales services. It was one of the top-ten wind turbine manufacturer worldwide and the largest non-state owned wind turbine manufacturer in China in 2011.
Source: Business Standard

11 comments to Reliance Cap to invest Rs 100 cr in wind power venture

  • Like!! I blog quite often and I genuinely thank you for your information. The article has truly peaked my interest.

  • It is in reality a great and useful piece of info. Thanks for sharing. 🙂

  • dafnrbziwgd,If you want a hassle free movies downloading then you must need an app like showbox which may provide best ever user friendly interface.

  • I in addition to my pals happened to be reviewing the nice advice on your site and so instantly I had an awful feeling I never thanked the site owner for those secrets. My men appeared to be as a consequence passionate to learn all of them and have quite simply been using them. Appreciation for getting really kind and then for finding certain good areas most people are really needing to be aware of. Our own honest apologies for not saying thanks to earlier.

  • ywdumdxsk,Thanks for this useful information, Really amazing. Thanks again. I LOve your BloG

  • I wish to show my thanks to this writer for bailing me out of this particular circumstance. As a result of looking throughout the world wide web and finding ideas that were not beneficial, I figured my entire life was done. Being alive minus the answers to the difficulties you have solved by means of your good article is a crucial case, as well as the kind that could have in a wrong way damaged my entire career if I hadn’t encountered your web page. Your personal skills and kindness in taking care of everything was crucial. I don’t know what I would have done if I had not come across such a stuff like this. It’s possible to at this moment look ahead to my future. Thanks a lot very much for the specialized and result oriented guide. I won’t hesitate to recommend your web blog to any person who wants and needs recommendations on this matter.

  • vwiojz,We have a team of experts who could get you the correct settings for Bellsouth net email login through which, you can easily configure your email account with MS Outlook.

  • svrqzbpxmoy,Definitely believe that which you said. Your favourite justification appeared to be on the net the simplest thing to remember of.

  • smywdxhqn,Thanks for this useful information, Really amazing. Thanks again. I LOve your BloG

  • swxczbclk Adidas Yeezy,Some really nice stuff on this website, I enjoy it.

  • Regulators accused the automakers of colluding at their annual “five-person team” technical meeting. BMW, Daimler, Volkswagen and its subsidiaries Audi and Porsche attended the meeting. The European Commission said that the technology affected by the plan should have reduced harmful nitrogen oxides emitted by diesel vehicles.

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>