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Jamnagar News

Saturday, January 13, 2007

Jamnagar - Reliance Retail Rocks

Reliance Retail will launch its first hypermarket in March in Ahmedabad.

Its hypermarkets, will be called Reliance Mart, will house boutique hotels. Of the company's 1,500 hypermarkets, 30 will come up in Gujarat.

The first hypermarket, earlier scheduled for December at Iscon Mega Mall near SG Highway in the city, will now roll out in the first quarter of next year.

Parimal Nathwani, group president, corporate affairs, Reliance Retail, said: "Our first hypermarket is scheduled to be launched in March on SG Highway."

Sources added that Reliance Retail has purchased 2 lakh sq ft at Iskon Mall in Ahmedabad for Rs 9 crore. The company has paid Rs 7 crore as stamp duty, the highest paid by any construction firm in the state, sources added.

"The refinery in Moti Khawadi is spread over 5 lakh sq ft and will house a hotel and multiplex. The company has roped in foreign architects for this project," a realtor from Jamnagar said.

Besides, Reliance will open retail outlets in Jamnagar, Rajkot, Surat and Bhavnagar as well, sources said. Reliance has also leased 1.25 lakh sq ft at a shopping location in Greater Noida.


Jamnagar - Essar begs 1000 MW Plant

Essar Power has finally bagged a power project from the Gujarat government after a long bidding process.

The project estimated at Rs 40 billion, essentially envisages a 1,000 MW imported coal based power project in Jamnagar.
Essar Power had quoted Rs 2.40 per unit as the lowest bid for the power project as against China Light & Power Hong Kong, Tata Power, Torrent Power who were also in the race.

Recently, the appellate electricity tribunal set aside the Central Electricity Regulatory Commission`s (CERC) order prohibiting Essar Power from selling electricity to trading companies and entering into pacts with distribution companies directly for its 1,500 MW project in Gujarat.

Essar, which is likely to commission 750 MW capacity by April 2007, had entered into a memorandum of understanding (MoU) with PTC in August 2004, under which it agreed to sell the entire power to the trading company for 25 years. PTC, in turn, was to sell the electricity to state utilities.


Jamnagar - 1K MW RIL Power plant

Reliance Industries (RIL) is planning to set up India's first integrated gasification combined cycle (IGCC) plant in Jamnagar at an investment outlay of Rs 10,000 crore.
RIL will use petcoke, a refinery residue which is usually blended with coal to be used as fuel for power plants.
The IGCC technology would provide for the petcoke to be gasified before it can be used to produce heat and electricity, fertilisers, hydrogen and petrochemicals this powerplant will generate at least 1,000 mw
The increased power capacity will be utilized by RIL to meet its increased requirement, and also by other players setting shop within the RIL SEZ.