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.
RPower is in the midst of signinig fuel supply agreement with Western Coalfield Ltd to ensure coal supply at its Butibori plant
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.
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.
Reliance Power which reported a 57%, YoY growth in its September quarter revenues has said that its Rosa plant in Uttar Pradesh, which generated 65% more units, YoY will continue to perform well even in the ensuing quarter.
JP Chalasani, CEO, Reliance Power says the company‘s 1,200 MW Rosa plant in Uttar Pradesh operated at a high operational efficiency and the plant generated over 2 billion units of electricity in the first quarter.
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.
The Rosa Unit II with a 600 megawatt capacity which Reliance Power had commissioned in the March quarter of FY12 has achieved 80% plant load factors (PLF) versus 60% year-on-year. The company‘s chief executive, Jayarama Prasad Chalasani told CNBC-TV18.
JP Chalasani, chief executive officer of Reliance Power said, the plant load factor (PLF) of its Rosa power was 76% and it generated one billion units in this quarter.
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.
In an interview to CNBC-TV18, Lalit Jalan, chief executive officer and whole time director of Reliance Infra says, one of the highlights of the quarter has been the strong engineering, procurement and construction (EPC) vertical. “We have given a guidance of 8-10% margins for our EPC business."
Reliance Power clocked a Q2 net profit of Rs 235 crore, a marginal increase over the year-ago period. CNBC-TV18 catches up with JP Chalasani, chief executive officer of the company to talk beyond the numbers and give an insight into future strategies.
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.
Reliance Power has declared its FY11 results. In an interview with CNBC-TV18, JP Chalasani, CEO, Reliance Power says, he expects 5,000 mega-watts (MW) to be operational by December 2012.
Speaking exclusively to CNBC-TV18, JP Chalasani, CEO of Reliance Power said there is no significant contribution from RNRL in Q3. "Rosa I has stablised and operating at 105% PLF," he disclosed.
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.