Reliance Power has signed an agreement with Bangladesh Power Development Board for setting up a 3,000 mw liquid gas-fired plant along with a floating terminal to import gas in ships to power the unit. The total investment will be USD 3 billion, Lalit Jalan, Group Director, Reliance Power told CNBC-TV18.
Salil Garg of India Ratings said, “Only on those power generators or those new Independent Power Producers (IPPs) who are not operating on the cost plus model and those who have either bid on a fixed price basis and they are unable to pass through the increased cost of the imported coal back to the consumers, will be impacted by this decision.â€
With the 3960 MW Sasan Ultra Mega Power Project (UMPP) now generating power, JP Chalasani, CEO, Reliance Power, says the tariff at which the company will be selling to seven states (Madhya Pradesh, Punjab, Uttar Pradesh, Delhi, Haryana, Rajasthan and Uttarakhand) is significantly lower at Rs 1.30 per unit.
In an interview with CNBC-TV18, JP Chalasani, CEO, of Reliance Power said that the unit is ready for power generation and is likely to increase its volumes by one and half times its generation capacity in April.
JP Chalasani, CEO, Reliance Power says that Samalkot is the largest gas based capacity plant with a capacity of 2400 MW. In an interview to CNBC-TV18, he gave details of the plant and expectations from the government on gas allocation.
Even as the empowered group of ministers (EGoM) headed by Finance Minister Pranab Mukherjee ask for the Attorney General's advice on allowing Reliance Power to use excess coal from the Sasan UMPP, RPower's CEO, JP Chalasani tells CNBC-TV18 that the company is well within the legal purview.
The RBI today gave Reliance Power permission to raise money from the US Exim bank and well as Chinese banks for projects in India. Chief executive officer, JP Chalsani tells CNBC-TV18 that they are planning to raise USD 2.2 billion which will be used for their Sasan Power project.
JP Chalasani, CEO of Reliance Power told CNBC-TV18 that he expects carbon credits to start accruing from January 2013. He also values the certified emission reductions (CERs) at Rs 2,000 crore for 10-years. “At 15 euro if you sell it, it’s about Rs 2,000 crore. It depends upon what price you get at that point of time.