Web Exclusive | January 2013
R-Power's Rosa unit will continue to help firm to earn profits
Reliance Power expects that its Rosa plant in Uttar Pradesh will continue to contribute to the overall performance of the company. The company reported 30 per cent jump in its December quarter profit to Rs 266 crore. The company's profit climbed significantly in Q3 as Rosa unit produced 2,407 units, up 143 per cent, YoY and operated at 91 per cent plant load factors (PLF).
JP Chalasani, CEO of the firm told a business TV channel that Rosa unit has now become a stable source to meet power requirement in Uttar Pradesh. The company which is in the process of adding more capacity is hopeful of getting environmental clearance for its ultra mega power project in Tilaya by Q4.
While giving an update on its third captive coal mine for Chhatrasal block, Chalasani said that the company has received stage I forest clearance and once stage-II clearance is obtained, the company will start work on the project.
The company has already received clearances for its 700 megawatt hydel power plant in Arunachal Pradesh and it has recently commissioned the second unit of its 600 megawatts Butibori project in Maharashtra.