| Company Name: | Coastal Andhra Power Ltd |
| OldName: | |
| Group : | Anil Dhirubhai Ambani Group |
| Address: | Corp Office |
| H Block, First Floor | |
| Dhirubhai Ambani Knowledge City | |
| City: | Navi Mumbai 400710 Thane Maharashtra |
| Tel: | 3038 6010 |
| Fax: | 3037 6633 |
| Mktg-Email : | [email protected] |
| HR-Email : | |
| Purchase-Email : | |
| Brands Owned : |
About the Company :
Coastal Andhra Power Limited (CAPL), a wholly owned subsidiary of the Reliance Power Company is developing the project. Reliance Power was awarded the Krishnapatnam project following an International Competitive Bidding process and it will be selling power to 11 Procurers comprising four states. However, the project is facing issues relating to change in regulations in Indonesia and the Company had issued notice to the procurers for an amicable resolution of the issues under the Power Purchase Agreement (PPA).
Since the procurers did not respond to the notice for dispute resolution, the Company has filed a statement of claim in the Indian Council of Arbitration under the Indian Arbitration and Conciliation Act 1996. The procurers on the other hand have initiated the process for terminating the PPA against which the Company is pursuing its appeal in the Delhi High court and the matter is sub-judice.
| Other Office Address |
| Plant Krishnapatnam Power Plant Krishnapatnam Muthukur Nellore Andhra Pradesh |
| Corp Office H Block, First Floor Dhirubhai Ambani Knowledge City Navi Mumbai 400710 Thane Maharashtra 3038 6010 3037 6633 |
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