Reliance proposes power project near Bangalore

Bangalore: Reliance Industries Ltd (RIL) has offered to set up a 3000 MW power project in Karnataka near Bangalore to tie up forward linkages for its gas finds in the Krishna-Godavari Basin.

State Government officials confirmed that such a proposal had indeed been made. They, however, added, "It is still in the very preliminary stages."

RIL has offered to set up the project in two stages. The first stage is to be set up as a 2000 MW station, which was to be subsequently ramped up to 3000 MW, the officials said.

For RIL, this is expected to translate into an off-take of at least 15 million standard cubic metres per annum of gas.