Reliance Power Signs $8.3bn Deal With Shanghai Electric Company

Anil Ambani led Reliance Power has signed a contract worth $8.3 billion with Hong Kong based Shanghai Electric Company (SEC) for generation equipment supplies. Apart from that, it has also sought an MoU for $12 billion financing from Chinese institutions and banks.This is the world's single-largest order for key components such as boiler, turbine and generator for coal-fired power plants in India. Reliance Power has now total contract order of $10 billion with the SEC. The current order is sufficient to produce 23,700 mw of power.
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