Mumbai: Reliance Infrastructure is planning to convert the 165-mw naphtha-based power plant in Kerala to gas, company chairman of the company Anil Ambani said on Tuesday.
"We are in discussion to convert the plant operating on naphtha to gas. Once the (gas) terminal in Kerala is ready next year, then hopefully we will convert our project to gas," Ambani told shareholders at the company's 83rd annual general meeting here Tuesday.
The company currently has an operating capacity of 941 mw with 500 mw thermal plant in Dahanu in Maharashtra, 48 mw naphtha-based plant in Goa, 220 mw natural-gas-naphtha-based plant in Samalkot in Andhra Pradesh, 165 mw naphtha-based in Kerala and 7.59 mw wind power project at Jogimatti in Karnataka.
Despite the temporary shutdown of the Airport metro in Delhi last month on safety grounds, Ambani said "the metro has been completed. We will ensure higher standard of safety on that metro line. On the Mumbai metro front (which met with an accident this evening), we have all the clearances and the work is at an advanced stage of completion. We expect to complete the Mumbai metro in FY13," he said.
A section of the 12-km under-construction overhead metro bridge in suburban Marol collapsed earlier in the day injuring eight people.
On the termination of its contract with Maharashtra State Road Development Corporation for the Worli-Haji Sea Link project, Ambani said, "we have mutually agreed to terminate the agreement. (However), Reliance will have an opportunity to participate with them in this project in time to come."
About roads segment, he said, "out of the 11 projects, we have completed 10, which will start generating revenues in FY13."
He said the company would continue to maintain its leadership across all business verticals like distribution, transmission, roads, metro rail and EPC.
First Published: Tuesday, September 4, 2012, 23:18