Reliance Power has petitioned power sector regulator CERC for permission to revise tariff of its 4,000 MW Sasan project in Madhya Pradesh due to rise in taxes and user charges.
The Comptroller and Auditor General of India (CAG) has sought the Power Ministry's reply on the issue of allowing Reliance Power to divert excess coal from its 4,000 MW Sasan project in Madhya Pradesh to its other project in the state.
In its annual general meeting today, Reliance Power informed its stakeholders that it is expecting to increase power capacity to 5,000 mega watt by the end of next year.
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.