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Rosa Power Supply Company Limited (RPSCL) was incorporated on September 1, 1994. It was a subsidiary of Aditya Birla Power Company Limited (ABPCL). It was transferred to Reliance Power subsequent to a share purchase agreement entered into between Aditya Birla Power Company Limited and Reliance Power Ltd on November 1, 2006, and is now a fully owned subsidiary of Reliance Power.
Rosa Power Supply Company Limited (RPSCL) is developing 1,200 MW of coal based generation capacity at Rosa village in Shahjahanpur, Uttar Pradesh in two Stages of 600 MW each.
Rosa Stage 1 is a coal based project with two units of 300 MW each and employs subcritical Pulverized Coal Combustion (PCC) technology. The first unit of 300 MW has already commenced power generation. The second unit is expected to be commissioned by June 2010.
Rosa Stage 1 is the first project of the company to become operational. It has received considerable support from the Government; with it also being designated a “priority project”.
The sale of the entire power to be generated from the project is secured through a Power Purchase Agreement (PPA) with Uttar Pradesh Power Company Limited (UPPCL) on a cost plus tariff basis based on Tariff Guidelines set by the Uttar Pradesh Electricity Regulatory Commission (UPERC).
RPSCL has also signed a Fuel Supply Agreement (FSA) with Central Coalfields, a subsidiary of Coal India Limited, for supply of coal for the project from Ashoka mines in Jharkhand.
Rosa Stage 2 is also part of Rosa Power Supply Company Limited (RPSCL). It is a coal based project with two units of 300 MW each and is similar to Rosa Stage I. Rosa Stage 2 is scheduled to commence power generation within the 11th plan (i.e. by March 2012). This is a brownfield expansion and hence is utilizing the additional land acquired and water allocated for Rosa Stage 1. The project has obtained all major approvals from the Government of Uttar Pradesh and construction is progressing according to schedule in the site.
Rosa Stage 2 has entered into a Power Purchase Agreement (PPA) for 50% of its generation capacity (300 MW) with Uttar Pradesh Power Company Limited (UPPCL) on a cost plus tariff basis based on Tariff Guidelines set by the Uttar Pradesh Electricity Regulatory Commission (UPERC). The balance 300 MW will be sold on a merchant basis and a PPA has been signed with Reliance Energy Trading Limited (RETL).
Fuel supply has also been secured with Government of India awarding long-term coal linkage for the expansion.
The project has achieved financial closure with a consortium of banks led by IDBI Bank. |
