At the annual general meeting of Reliance Power on Tuesday, chairman Anil Ambani said that the company would double the capacity of its Rosa and Butibori power plants to 2400 MW and 1200 MW respectively.
At the annual general meeting of Reliance Power on Tuesday, chairman Anil Ambani said that the company would double the capacity of its Rosa and Butibori power plants to 2400 MW and 1200 MW respectively. He added that it would also set up solar power plants of 300-400 MW in the coming years as part of its capacity expansion programme.
“In the near future, we will expand the capacity of our two existing thermal plants at Rosa in UP and Butibori in Maharashtra from the existing 1200 MW and 600 MW respectively,” Ambani said. He added that the company would undertake expansion with great caution.
Ambani said that the company, which operates nearly 6,000 MW of mostly thermal capacity, completed Phase I of R50,000 crore capital expenditure programme in record time. However, the company’s capital expenditure plans were reduced by two ultra mega power power projects (UMPP) that failed to take off.
In April 2015, Reliance Power terminated the power purchase agreement for Tilayia UMPP due to non-fulfilment of land acquisition related obligations by procurers for over 5.5 years. The project was estimated to cost nearly R36,000 crore. The company has also initiated a dialogue with procurers of Krishnapattnam UMPP on the lines of Tilaiya UMPP. This will further reduce the capex by R20,000 crore.
Ambani also informed that the firm had signed a pact with Bangladesh for setting up 3,000 MW gas-based power project and floating storage regasification unit (FSRU) for LNG imports. The country has granted approval for 750 MW of Phase I of the project at Meghnaghat near Dhaka. He said that the company’s Sasan UMPP produced 31.3 billion units of power at 90% PLF besides producing 17.02 million tonnes of coal.