RIL

Operational efficiencies have helped Reliance Power do much better in Q3FY13. Its 1,200 MW Rosa power plant in Uttar Pradesh generated 2,407 million units (MUs) v/s 987 MUs on YoY as at that time, only 600 MW was operational at Rosa. In current Q3,  the same quarter last year. In current Q3, plant availability was 103% and plant load factor was at 91%. The 40 MW Dhursar solar PV plant in Rajasthan generated 15.2 MUs and this added Rs.12 crore to the net profit. For Q3FY13, the company posted a net profit at Rs.266 crore, up 30% on YoY. Total income rose 135% at Rs.1586 crore.

And giving an update on its ongoing projects, pre-commissioning activities have started at its 3,960 MW Sasan Ultra Mega Power Project (UMPP) and the project is all set to be commissioned in Q4FY13, well ahead of the bid schedule. Also coal production had commenced from its captive mines. Another associated captive mine of the project, the Chhatrasal mine, with a capacity of five million tonnes per annum, had received stage I forest clearance during the quarter. But even before it can be commissioned, the company has already applied for a hike in tariff for its Sasan power project and it has cited reasons as revision in water charges and hikes in excise duty and royalty on coal.

Its second unit of 300 MW at the 600 MW Butibori plant has been sychronised and is ready while at its 2,400 MW gas-based Samalkot plant, gas supply remained a constraint. Work at its 4000 MW UMPP at Krishnapatnam remains suspended. Its 45 MW wind power project at Vashpet in Maharashtra is expected to be commissioned in March and another a 100 MW concentrated solar power project is to be commissioned in Dhursar, in Q1 FY14.