RPower to double the capacity of Rosa and Butibori

Reliance Power is planning to double the capacity of its Rosa and Butibori plants, according to company chairman Anil Ambani.

 “Reliance Power is all set to double the capacity of its Rosa and Butibori power plants to 2400 mW and 1200 mW, respectively from the existing capacity of 1200 mW of Rosa and 600 of Butibori. The company will also set up Solar PV plant of 300 to 400 mW in the coming years as part of its capacity expansion programme,” Ambani said while addressing shareholders at the annual general meeting of the company.

According to Ambani, the termination of power purchase agreement for Tilaiya ultra-mega power project has reduced capex of the company. “In April 2015, Reliance Power terminated PPA for Tilaiya UMPP due to non-fulfilment of land acquisition related obligations by procurers for over five and half years. This has reduced the capex by Rs 36,000 crore," Ambani said.

 The company has also initiated dialogue with procurers of Krishnapattnam UMPP on the lines of Tilaiya UMPP. This will further reduce the capex by Rs 20,000 crore, Ambani added.  He said the company is also pursuing value accretive solar opportunities which includes 300 to 400 mW solar plant.

 “We have also signed a memorandum of understanding (MoU) with Government of Bangladesh for setting up 3000 mW gas-based power project and floating storage and re-gasification unit (FSRU) for LNG imports,” Ambani said.