"APTEL order now paves the way for Sasan Power to recover unpaid amount of nearly Rs 850 crore from procurers. Sasan will also be entitled to nearly Rs 200 crore of carrying cost as per power purchase agreement," says the company in its filing.
Reliance Power said total operating capacity increased to 6,000 MW after commissioning of 3,960 MW Sasan ultra mega power project in Madhya Pradesh. Sasan UMPP generated 6,948 million units and the plant reached an availability of 100 percent in the first quarter of full operations, it added.
Reliance Power managed to complete Sasan UMPP 12 months ahead of the PPA schedule.
Analysts expect loan growth of PFC to remain healthy at over 20 percent Y-o-Y. Advances had grown 23 percent in Q4 - the generation segment (79 percent of loans) was the largest contributor.
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.
The power and coal ministries are expected to discuss on Thursday the modalities on how Reliance Power should utilise surplus coal from the blocks allocated for Sasan UMPP (Ultra Mega Power Project), for another project in Chitrangi.
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.
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.