Jan 28, 2013, 02.23 PM IST | Source: CNBC-TV18

Rosa unit will continue to boost R-Power's performance: CEO

Reliance Power which reported 30 percent jump in its December quarter profit to Rs 266 crore, expects a robust performance from Rosa Plant to continue contributing to the overall performance of the company.

In case of Rosa our effort would be to increase the domestic coal component. We already have the floor space index (FSI) in position and current realisation is 45 percent

JP Chalasani

CEO

Reliance Power

Reliance Power which reported 30 percent jump in its December quarter profit to Rs 266 crore, expects Rosa plant to continue contributing to the overall performance of the company.

The company's profit climbed significantly in Q3 as Rosa unit produced 2,407 units, up 143 percent , YoY and operated at 91 percent plant load factors (PLF)

JP Chalasani, CEO of the firm, in an interview with CNBC-TV18, said that Rosa unit has now become a stable source to meet power requirement in Uttar Pradesh.

The company which is in the process of adding more capacity is hopeful of getting environmental clearance for its ultra mega power project in Tilaya by Q4.

While giving an update on its third captive coal mine for Chhatrasal block, Chalasani said that the company has received stage I forest clearance and once stage-II clearance is obtained, the company will start work on the project.

Meanwhile, the company has already received clearances for its 700 megawatt hydel power plant in Arunachal Pradesh and it has recently commissioned the second unit of its 600 megawatts (MW) Butibori project in Maharashtra.

Below is an edited transcrip of JP Chalasani's interview on CNBC-TV18

Q: Could you give us the highlights of the quarter gone by and also what is happening with coal availability?

A: In this quarter, we made a profit of Rs 266 crores. It is a jump of about 30 percent compared to year on year and even the trading quarter is about 11 percent more than that. That is mainly because of the good performance recorded by Rosa as well as our solar plant.

Rosa this quarter generated about 2.4 billion units which is almost 50 percent more than the previous quarter. It has also logged 103 percent availability for all four units, entire 1200 megawatts station together. This is the highest we ever logged and highest generation we achieved on this. That significantly contributed towards the high profitability of the company.
 
As far as the coal for Rosa is concerned, we had no shortage of coal, the generation did not suffer because of coal. However we managed this coal from the linkage coal, imported coal as well as the domestic market coal, in the ratio of 45:45:10. 45 percent linkage coal, 45 percent imported coal and 10 percent from the domestic market coal. That is how the coal was supplied for the four stations this quarter.

Q: What was the plant load factor (PLF) from the Rosa plant in the current quarter and given the state of the financial condition of Uttar Pradesh (UP), Discom will be able to pick up all the power that you have to offer them?

A: The station in this quarter had 91 percent PLF, which is getting dispatched on this. 91 percent is a high level of PLF. This indicates that UP has been dispatching the station with this sort of coal costs and there is no issue with respect to this.

Rosa has been a very stable source for the state of UP in terms of meeting power requirement. Therefore, the effort will be to increase the performance of linkage coal under FSA, at the same time stability of availability of power is also important and UP has been paying. As far as the receivable is concerned, we are paid reasonably. Today, we have about 50 days equivalent of dues outstanding and expect them to come down shortly on this.

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