Performance highlights include:
Q1 FY11-12 | Q1 FY10-11 | |
Operating Revenues | ì 541.80 crore (US$ 121 million) | ì 139.33 crore (US$ 31 million) |
Other Income | ì 147.43 crore (US$ 33 million) | ì 261.85 crore (US$ 59 million) |
Total Income | ì 689.23 crore (US$ 154 million) | ì 401.18 crore (US$ 90 million) |
Net Profit | ì 196.12 crore (US$ 44 million) | ì 195.40 crore (US$ 44 million) |
Announcing the results, J.P. Chalasani, the Chief Executive Officer of Reliance Power, said “The Rosa plant operated at a plant load factor (PLF) of 91 per cent during the quarter and availability was at 94 per cent. Rosa is now among the country’s top thermal power plants in operating terms, firmly establishing the company’s execution and operational capabilities”.
The approval of the 3,960 MW Krishnapatnam Ultra Mega Power Project (UMPP) for carbon credits from the United Nations Framework for Carbon Credits (UNFCCC) makes the company the power utility with the largest number of CERs. “Krishnapatnam and Sasan are the largest power plants in the world to achieve this milestone, translating to a value creation in excess of ì 3,000 crore,” Chalasani said.Key Highlights for Q1Operating CapacityDuring the quarter Rosa Phase I operated at a PLF of 91% generating 1,190 MUs of power compared with 455 MUs in the corresponding quarter of the previous year. Operating revenues from the 600 MW Rosa plant have gone up almost four times to
ì 529 crore from ì 139 crore in the previous year.
EBITDA of the Rosa plant grew by more than 245% -- ì 208 crore from ì 60 crore in the previous year.
Net profit for the plant at ì 109 crore – from ì 6 crore in the previous year.Capacities Under Construction:Construction activities for the 600 MW Rosa Phase II are nearing completion, well in time for scheduled commissioning in the current year.
The first two of the six gas turbines for the 2,400 MW Samalkot project in Andhra Pradesh have been installed at the site, while the next two have arrived at the port. The last two turbines have also been despatched and expected to reach port by the end of August 2011. Samalkot is India’s largest gas-based power plant and it is progressing ahead of schedule. Construction activities are progressing as per schedule for the 3,960 MW Sasan Ultra Mega Power Project in Madhya Pradesh and the first unit is expected to be commissioned in 2012. Mining equipment for Sasan coal mines has started reaching the site from Bucyrus in United States. Activities for development of the mines are well on track to produce coal ahead of the commissioning of the UMPP. Work on the 600 MW Butibori coal-fired power project located near Nagpur is progressing rapidly and the project is on track to be commissioned by the middle of next year. Development work at the 3,960 MW Chitrangi Project in Madhya Pradesh is progressing on schedule. The initial infrastructure work has been completed and the main plant civil work is ready to commence.About Reliance Power Limited
Reliance Power Limited, a part of Reliance Group, is India's leading private sector power generation 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 portfolio of 600
MW. The company also has the largest captive coal reserves in the private sector, estimated at more than two billion tonnes. Besides, the company has purchased three coal mines in Indonesia and also has plans to develop coal bed methane based generation capacity.For further information, contact:Nagraj Rao +91 9323342576
Daljeet Singh +91 9312014099