Tuesday, August 02, 2005

Reliance to invest Rs. 100 Cr. for disaster management

RELIANCE Energy (REL) on Tuesday announced a Rs 100-crore disaster management plan to cope with future natural calamities. Reliance Energy is expected to restore power supply to all residential customers within 12 to 24 hours, and to all commercial customers within the next 48 hours. Reliance Energy recently received notices from the Maharashtra Electricity Regulatory Commission (MERC) and the State Revenue Department seeking explanation for cutting power supply to some parts of the suburbs during the recent rains. The company is expected to replace all damaged electricity meters free of cost and will also replace 100 damaged transformers, most of them in the suburbs of Kurla, Saki Naka, Kalina, Chunabhatti and Goregaon.