An MoU in this regard was signed by state Chief Minister Vasundhara Raje and Chairman of Reliance Power Anil Ambani here today. Raje also dedicated Reliance Power's 100 MW Concentrated Solar Project (CSP) located at Pokhran in Jaisalmer district to the nation.
Reliance Power today inked a pact with Rajasthan government to develop a 6,000 MW solar park in the state over the next 10 years.
An MoU in this regard was signed by state Chief Minister Vasundhara Raje and Chairman of Reliance Power Anil Ambani here today. Raje also dedicated Reliance Power's 100 MW Concentrated Solar Project (CSP) located at Pokhran in Jaisalmer district to the nation.
Rajasthan Sun Technique Energy, a wholly-owned subsidiary of Reliance Power, was awarded the CSP project in 2010 based on a international competitive bidding.
"The CSP plant is expected to generate about 250 million kilowatt hours of clean and green energy annually, equivalent to consumption of 2,30,000 households," the company said. Reliance Power claims to have the largest portfolio of power projects in the private sector based on coal, gas, hydro and renewable energy with an operating portfolio of nearly 6,000 MW.
Earlier this week, Gautam Adani-led Adani Enterprises also signed a pact with the Rajasthan government to develop the country's largest solar park in the state with 10,000 MW capacity over the next 10 years at an estimated investment of about Rs 40,000 crore.
Reliance Power stock price
On February 12, 2015, Reliance Power closed at Rs 59.15, up Rs 1.35, or 2.34 percent. The 52-week high of the share was Rs 113.20 and the 52-week low was Rs 55.00.
The company's trailing 12-month (TTM) EPS was at Rs 0.04 per share as per the quarter ended September 2014. The stock's price-to-earnings (P/E) ratio was 1478.75. The latest book value of the company is Rs 60.02 per share. At current value, the price-to-book value of the company is 0.99.
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