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Chitrangi Power Private Limited (CPPL) was incorporated on September 7, 2007.
Chitrangi Power Project, a 3,960 MW coal-based power project in Madhya Pradesh
Chitrangi Power Private Ltd (previously MP Power Generation Private Limited) a wholly owned subsidiary of Reliance Power, is set to develop a 3,960 MW coal-based power project at Chitrangi Tehsil, Singrauli District, Madhya Pradesh.
In September 2007, Reliance Power entered into a Memorandum of Understanding (MoU) with the Government of Madhya Pradesh (GoMP) under which the company agreed to establish a 3,960 MW coal-based power project, subject to completion of feasibility studies and approval of the board.
The company has already obtained part possession of the land and the balance land is also expected to be transferred shortly. The project has also obtained in principle water allocation from GoMP.
Permission has been obtained from the Govt of India to use the incremental coal from the captive coal blocks allocated for Sasan UMPP.
Reliance Power has already secured a bid to supply 1,241 MW (net back basis) power to Madhya Pradesh Power Trading Co Ltd (MPPTCL) at a levelized tariff of Rs 2.45 a unit from the Project. The Company is also pursuing other opportunities to tie up for off-take of balance capacity. The company intends to sell the power through a mix of merchant power sale and Case I PPAs.
Environment Clearance accorded to Chitrangi Power Private Limited by MOEF on 28th May 2010
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