Ahmedabad: Reliance Power, a unit of Reliance Energy, is exploring investment opportunities in Gujarat. In spite of missing out the Mundra ultra mega power project (UMPP) bid in Gujarat, Anil Ambani, chairman, Reliance Power, is keen to bid for a possible second UMPP in Gujarat as and when it happens. Reliance Power is developing power generation projects of at least 28,200 Mw across the country. With the first of its 13 projects to go on-stream by 2009-10, the company is entering the capital market with an initial public offering of 260 million equity shares of Rs 10 each in a price band of Rs 405-450 per share. The issue opens on January 15. Reliance Power is also considering overseas operations in Singapore and Middle East.
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