Reliance Power announced on March 31st that the Appellate Tribunal for Electricity (APTEL) has upheld RPower’s Sasan UMPP Commercial Operational Date (COD) plea.
An RPower statement said this APTEL order now paves the way for Sasan Power Limited to recover the unpaid amount of nearly Rs 850 crores from the procurers. Sasan Power would also be entitled to nearly Rs 200 crore of carrying cost as per the PPA.
The Sasan Ultra Mega Power Project implemented in Singrauli District of Madhya Pradesh, is the largest integrated power plant cum coal mining project at a single location in the world, involving investment of over Rs 27,000 crore.
Sasan UMPP has been delivering ‘best in class’ performance among its peers in its very first year of full operations with plant operating at over 100% PLF and coal mines achieving the highest coal production amongst private sector player producing nearly 17 million tonnes during 2015-16.
|The News in Shorts|
|Fisrt Unit COD of Sasan UMPP was challenged by WRLDC|
|The 1st Unit of 660 MW achieved Commercial operation on 31stMarch 2013|
|The same was challenged by WRLDC before CERC|
|CERC vide its order in Aug 2014 allowed the Petition of WRLDC and dismissed the COD date of 31st March 2013, while the same was accepted by all Procurers|
|Aggreived by the CERC order, Sasan Power Ltd, appealed the same to Appellate Tribunal for Electricity (APTEL) who has today allowed the appeal of Sasan UMPP and dismissed the petition filed by WRLDC before CERC|
|This enables Sasan Power to recover its revenue backlog of close to Rs.850 Cr from its Procurers. PPA allows carrying cost due which is close to Rs.200 Cr|
Reliance Power Limited, a part of the Reliance Group, is India’s leading private sector power generation and coal resources company. The company has the largest portfolio of power projects in the private sector, based on coal, gas, hydro and renewable energy, with an operating capacity of 5,945 megawatts.
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