Reliance Powers’ wholly owned subsidiary -- Reliance Power Netherlands BV has won an international arbitration award of Rs 390 crore against Prestige Capital Holdings.
The company has acquired the entire economic interest in three coal mining concessions in Indonesia in 2010. These mining concessions have total coal resources of around 1.5 billion tonnes with potential to produce up to 30 million tonnes of coal per annum (p.a.).
Reliance Power, a part of the Reliance Group, is India’s leading private sector power generation and coal resources company. The company has the largest portfolio of power projects in the private sector, based on coal, gas, hydro and renewable energy.
