About Vidarbha Industries Power Limited
Vidarbha Industries Power Limited, a special purpose vehicle of the Reliance Energy Limited, came into being in the year 2005. In order to successfully complete the Butibori Thermal Power Project the Reliance Energy Limited launched the Vidarbha Industries Power Limited. On 30th August, 2007 the Vidarbha Industries Power Limited became a subsidiary of the Reliance Power.Power Projects
Vidarbha Industries Power Limited of Reliance Power, from its very inception, is involved in a wide array of power projects. Guided by the Reliance Power, the Vidarbha Industries Power Limited is at present engaged in a 300 MW power project. Being a coal-based power project, the site is at the Butibori Industrial Area of Nagpur. The Area falls under the province of Maharashtra Industrial Development Corporation. It is declared by the Ministry of Power that a minimum of 51% of power and 26% of equity must be reserved for the captive users.The 2x150 MW Coal-fired project of Butibori was given to the Reliance Energy Limited by the MIDC in 2006. Later in 2007 Reliance Power took the charge of Vidarbha Industries Power Limited. It is expected that by March 2010, the first phase of the Butibori project of the Vidarbha Industries Power Limited will be completed.
With a total cost of around Rs. 1405 crore, the Butibori project is supposed to be successfully completed by June 2010.
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