Reliance Power withdraws from Dadri power project in Uttar Pradesh.

Reliance Power has formally withdrawn from the Dadri power project in Uttar Pradesh after a protracted legal battle over acquisition of land for the plant. The Supreme Court recently dismissed as infructuous the company's appeal against a high court order setting aside the acquisition of land under an emergency clause, which allowed the state government to waive a requirement to seek objections from farmers before acquiring their land. This left Reliance Power free to withdraw. The state will now will have to return the compensation money paid by the company to the farmers and decide what to do with the land. Reliance Power had in a surprise move told the top court on August 25 that it wasn't interested in setting up the proposed 7,480 MW gas-fired power plant in Dadri and would return about 956 acres of land acquired for the project.