Reliance Power Limited is a part of the Reliance ADA group, one of India’s largest business houses. The group comprises companies in the telecommunications, financial services, media and entertainment, infrastructure and energy sectors. The energy sector companies include Reliance Infrastructure Ltd, Reliance Natural Resources Limited, Reliance Energy Transmission, Reliance Energy Trading and Reliance Power Limited.
Reliance Power Limited is part of the Reliance Anil Dhirubhai Ambani Group and is established to develop, construct and operate power projects domestically and internationally. The Company on its own and through subsidiaries has a portfolio of almost 35,000 MW of power generation capacity, both operational as well as under development.
The power projects are planned to be diverse in geographic location, fuel type, fuel source and off-take, and each project is planned to be strategically located near an available fuel supply or load center. The company has over 1,000 MW of operational power generation assets. The projects under development include seven coal-fired projects to be fueled by reserves from captive mines and supplies from India and abroad, two gas-fired projects to be fueled primarily by reserves from the Krishna Godavari Basin (the "KG Basin") off the east coast of India, and seven hydroelectric projects, six of them in Arunachal Pradesh and one in Uttarakhand.
The fuel supply for the majority of the projects has been tied up. Coal linkages have been allocated for domestic coal based projects. The company has domestic coal reserves of over 2 billion tonnes in India, the highest in the private sector in India. The company is expected to become the largest private sector coal mining company in India once the captive coal mines become operational.
The company plans to sell the bulk of the power generated through long term PPAs with distribution companies and through Case I bids. The company has also entered into long term contracts with industrial consumers to supply power.
The company has won three of the four Ultra Mega Power Projects (Sasan UMPP, Krishnapatnam UMPP & Tilaiya UMPP) awarded by the Govt of India till date. The UMPP is an initiative by the government to collaborate with power generation companies to set up 4,000 MW projects to ease the country’s power deficit situation.
Besides these, Reliance Power is also considering the development of coal bed methane (CBM) power generation projects based from CBM blocks being exposed by its affiliates. The company is also planning to register projects with the Clean Development Mechanism executive board for issuance of CER certificates to augment its revenues. |