Reliance Power to sell 1,200 MW Kalai II hydropower project to THDC India
Reliance Power has inked an agreement to sell its 1,200 MW Kalai II hydroelectric project in Arunachal Pradesh for Rs 128.39 crore to THDC India.
The purpose of entering into the agreement was to monetise the hydroelectric power project, Reliance Power said in a regulatory filing on Sunday.
According to the filing, the Governor of Arunachal Pradesh, Kalai Power Private Ltd (a subsidiary of the company), and THDC India Ltd (THDC) have inked an agreement in this regard on December 30, 2023.
