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Reliance Power to invest in Tilaiya plant

Saturday, 31 Aug 2013
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Reliance Power is planning to invest Rs 40,000 crore over the next five years in its ultra mega power unit at Tilaiya in Hazaribagh district in Jharkhand.


The 4,000 MW project being developed on BOO basis will be funded through a debt to equity ratio of 75:25. However, the company has not yet disclosed its plans to raise the funds. The project is being implemented by Jharkhand Integrated Power, a wholly owned subsidiary of R-Power.


Meanwhile, Reliance Power has also applied to the CERC to hike power tariffs at 3,960 MW power project at Sasan in Sidhi district of Madhya Pradesh. For the first two years, the project will supply electricity at just 70 paise per unit, after which the price will rise 70 per cent, according to the bid documents. The Sasan project has been allotted three coal blocks, two of which have started production. The first unit of the Sasan project was commissioned in March 2013.

 
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