“I do not believe India alone will be our domain,” Reliance Power chairman Anil Ambani told reporters here on Saturday.

“We are hoping that the Singapore Government will soon allow private partnership in power generation. We also want to have presence in the West Asian countries. Unfortunately I cannot reveal our exact plans for foreign forays now,” Ambani said.

Replying to a question on the likelihood of tariff reduction in power, he said “electricity tariffs are likely to come down in the country once the power demand is fulfiled. Even if the power distribution losses are brought to 10 or 15 per cent of present national average of 35 per cent, tariffs will come down”.

Roadshow

“We have to ensure that power tariffs in India are on par with international rates so as to allow our business and service sectors to compete in the global market,” Ambani said.

Incidentally, Anil Ambani also on saturday, launched the road show for the RPL’s Initial Public Offer from Ahmedabad which will open on January 15 to raise an estimated Rs 11,500 crore to fund future power projects.