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All eyes on today's Reliance Energy board meeting RIL glory is like a JV with Mukesh: Anil Read full text: http://www.mid-day.com/news/business/2004/november/98234.htm The Reliance Energy board is meeting today in the backdrop of last week’s resignations by six of its directors, all of whom were later requested by chairman and managing director Anil Ambani to reconsider their decision. Meanwhile, Reliance Energy Ltd has offered to sell three of its power plants to south India based power companies. The GVK, Lanco and GMR groups have been approached for the power plants’ buy-out. Mandated by Reliance Energy, ICICI Securities has already held initial discussions with the three players, say officials. The 220 megawatt combined cycle BSES Andhra Power Ltd., 165 MW BSES Kerala Ltd and 48 MW naptha-powered Goa power station are up for sale. Reliance has offered to sell all three projects together to a single buyer under a comprehensive package deal. But all the three prospective buyers have shown reluctance to take over the Goa and Kerala projects. Instead, they have asked the advisor to look at a deal involving only the Andhra power station. “We are not keen on buying the other two stations (Goa and Kerala)... they are nothing but lemons,” an official with a prospective bidder says. Forwarded By Eddie Verdes