PRINT THIS PAGE Reliance and Temasek launch $200m India power fund26/07/2004. Source: AltAssets. 
 India's Reliance and the Singapore state investment arm Temasek are to jointly launch a $200m private equity fund to invest in India's power sector. Both institutions will contribute $100m to the fund.
The Reliance group is India's largest conglomerate with a dominant presence in the energy sector. Its flagship, Reliance Industries, is India's largest petrochemicals manufacturer and refiner. The group also include Reliance Energy, a leading power utility.
India's power sector is expected to grow rapidly over the next decade following a landmark electricity law passed last year aimed at improving transmission and generation. The reform has opened up the industry, allowing distributors and consumers to choose suppliers, and generators to sell power directly to consumers instead of state boards.
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