 "Power firms")
Anil Ambani promoted Reliance Power has been directed by Delhi High Court to pay Rs 300 crore for its 4,000 MW Krishnapatnam ultra mega power project to host Andhra Pradesh. The company has been planning to surrender this project for past three years.
The Delhi High Court had on Tuesday rejected a plea by Coastal Andhra Power Limited’s (CAPL) to restrain Andhra Pradesh Central Power Distribution Company Limited (APCPDCL) from invoking a Rs 300 crore bank guarantee against the former for non-completion of the project. CAPL is a special purpose vehicle of R-Power to implement the Krishnapatnam UMPP.
The High
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