Sasan project faces transmission delays (Live mint.com 12th Feb 2008)The delay in forest clearance for the 4,000MW ultra mega power project at Sasan being developed by Anil Dhirubhai Ambani Group’s Reliance Power Ltd has impacted a related transmission project to be built by Power Grid Corp. of India Ltd, India’s leading power transmission company. PowerGrid, which has been entrusted with the task of constructing the transmission corridor, says it may not be able to complete the work in time as Reliance Power is yet to commit a commissioning schedule. The news comes as Reliance Power had a disappointing debut on the stock markets. Its much anticipated shares, part of India’s largest initial public offering of $3 billion, closed 17% below the offer price, dra-gging down all power stocks and adding to a decidedly bearish mood in the markets. Investors sought $189 billion worth of Reliance Power shares, betting it will benefit from India’s $200 billion plan to provide electricity to a gr...
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