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Reliance Industries mulls power storage with BP

India aims to expand renewable power capacity to 175 gigawatts

Saket Sundria Debjit Chakraborty & Rakteem Katakey  |  Mumbai/New Delhi 

Reliance Industries Ltd, owned by India’s richest man Mukesh Ambani, is considering entering the power-storage business with its partner BP Plc. to expand into the country’s growing renewable energy sector, according to two people with knowledge of the plan. The companies are considering a plan to set up energy-storage projects near solar- and wind-energy installations, the people said, asking not to be identified citing company policy. A decision on investment and implementation will be taken by December, they said. Reliance didn’t respond to requests for ...

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First Published: Wed, August 23 2017. 00:24 IST