Reliance Energy joins hands with the World Bank
Reliance Energy, a power distribution arm of Reliance Infrastructure, joined hands with the World Bank to develop the world class power infrastructure in the unorganized developments in its licensed distribution area in the suburban Mumbai.
By ET Bureau |
MUMBAI: Reliance Energy, a power distribution arm of Reliance Infrastructure, joined hands with the World Bank to develop the world class power infrastructure in the unorganized developments in its licensed distribution area in the suburban Mumbai.
As a part of this joint initiative, the company would undertake its first project in the unorganized developments of Shivajinagar area of Govandi in Eastern Mumbai suburb.
The World Bank as an administrator to the scheme christened as Global Partnership on Output ��� Based Aid (GPOBA), has entrusted Reliance Energy, being a licensed power distributor in the area, to execute the project in Shivajinagar, Govandi.
As a part of execution of the programme, the company will start developing power distribution infrastructure in a planned and systematic ways. This would include several initiatives like laying down new distribution network; installing electricity meters to ensure authorized and metered power supply, etc. The work is expected to start after the monsoon.
The Company, though getting aid from the World Bank under the programme, would be substantially investing in creating the world class infrastructure for the project. The initiative, when completed, is expected to be beneficial to around 26000 households in the concerned areas.
As a part of this joint initiative, the company would undertake its first project in the unorganized developments of Shivajinagar area of Govandi in Eastern Mumbai suburb.
The World Bank as an administrator to the scheme christened as Global Partnership on Output ��� Based Aid (GPOBA), has entrusted Reliance Energy, being a licensed power distributor in the area, to execute the project in Shivajinagar, Govandi.
As a part of execution of the programme, the company will start developing power distribution infrastructure in a planned and systematic ways. This would include several initiatives like laying down new distribution network; installing electricity meters to ensure authorized and metered power supply, etc. The work is expected to start after the monsoon.
The Company, though getting aid from the World Bank under the programme, would be substantially investing in creating the world class infrastructure for the project. The initiative, when completed, is expected to be beneficial to around 26000 households in the concerned areas.
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