Reliance Power Reports Positive Q3 FY11 Earning with Rosa Power Plant Firing 105 percent PLF

February 19, 2011 by
Filed under: Energy, Finance, People, Technology 

Reliance Power, the largest private sector power company of India, reported consolidated net profit up 7.5% at Rs 144 crore for Q3, FY11, compared to Rs 134 crore in Q3, FY10. The consolidated other income was Rs 103 crore vs Rs 179 crore YoY.

“Rosa I has stablised and operating at 105% PLF. The company plans to add three new capacities in the next fiscal year. We achieved financial closure on Sasan project last year. And the company is going for refinancing of projects with cheaper foreign debt.” said JP Chalasani, CEO Reliance Power.

Update on power projects of Reliance Power: In 2011, there is no additional capacity coming in. But in FY12, you will both units of Rosa coming in with 600 MW in December 2012 and March 2012 and you will have Butibori unit coming in. Then we will start commission on the Samalkot gas-based based plant. Then FY13 onwards, there is streaming amount of capacity which is going to come in.

Reliance Power Samalkot plant, 2500 MW power plant to be run by GE Gas Turbines, is on track. The open cycle mode would start operating from end of 2011. The gas requirement will come in FY12 and EGoM is expected to take a decision on gas suply to Reliance Power, which would ultimately be supplied by Reliance Industries. Central Electricity Authority (CEA) certification has been done for Reliance Power Samalkot plant, which is located closet to the onshore gas receiving terminal of Reliance Industries near Kakinada.


One Comment on Reliance Power Reports Positive Q3 FY11 Earning with Rosa Power Plant Firing 105 percent PLF

  1. NEWSTRON on Tue, 8th Mar 2011 10:15 pm
  2. Market Analysts believe that Reliance Power Samalkot plant will be the real testing of the gas supply agreement for Reliance Power and the company’s execution skills to implement and operate gas power plants in India. Reliance Power, upon success in current projects, will become a major force in power generation in India and Asia.

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