Reliance Power contracts with GE over $750 Million for largest Gas Turbine Combined Cycle Power Project In India’s History

Mumbai, 6th November, 2010 – President Barrack Obama today graced the ceremony to commemorate the contracts between Reliance Power and GE for the 2400 MW gas based Samalkot Expansion Power Project in Andhra Pradesh.

Speaking at the side line of the announcement President Obama said “We are just scratching the potential. Already 10000 jobs have been created.”

Mr Anil Ambani said at Reliance Power GE ceremony – “This is a defining moment in Indo U.S. energy cooperation. Reliance Power in partnership with GE will implement India’s largest clean green power project at Samalkot, India. The fast track power project to be operational in less than 2 years by 2012.”

He added that “Reliance Power partnership with GE and other US companies to result in over $ 2 bn of manufacturing exports from US to India over next 24 months.”

Mr. Jeffrey Immelt, Chairman of GE said: “This is a great agreement for our two companies. But its also a great agreement for our two countries – an example of how trade truly is win-win. India will benefit from state-of-the-art technology, generating reliable power for millions of its citizens, and helping to support economic growth and jobs here in India. In the United States, the export of these turbines – assembled principally in Greenville, SC and Schnectady, NY – will support US jobs.” Read more