Krishnapatnam UMPP handed over to REL
New Delhi, Jan 29 (UNI) The 4,000 MW Krishnapatnam Ultra Mega Power Project(UMPP) was today handed over to Reliance Power Ltd by the nodal developers, Power Finance Corporation (PFC) which is expected to boost the energy requirements of Andhra Pradesh, Tamil Nadu, Maharashtra and Karnataka.
''The power generated will cost Rs 2.33 per unit for a period of 25 years'', Chairman, Coastal Andhra Power Ltd (CAPL), Satnam Singh said.
Reliance Power's bid of Rs 2.33 per unit was by far the lowest in the auction and the company bagged the contract for Krishnapatnam UMPP. Apart from that Reliance Power had also bagged the Sasan and Mundra mega power projects.
The first unit of 800MW will be commissioned within 68 months from the date of transfer of CAPL to RPL.The other four units of 800MW each will be commissioned within a period of 75,81,87 and 93 months respectively.
''The company is committed to complete the project within the allotted time frame and cost is not an issue as the tariff has been already committed'', Director (Business Development), Reliance Energy Ltd, J P Chalsani said.
The Sasan UMPP is on track, he added when asked about the upcoming power project with per unit cost of Rs 1.96.
The transmission system for evacuation of power is being developed by Power Grid Corporation of India ltd for this project.
UNI
AK
PDT
BD2005
Reliance
Power
has
bagged
the
Krishnapatnam
ultra
mega
power
project
and
this
is
likely
to
make
the
Reliance
Power
IPO
more
attractive
to
investors.
Reliance
Power's
bid
of
Rs.
2.33
per
unit
was
by
far
the
lowest
in
the
auction
and
hence
Reliance
Power
Limited
would
be
awarded
the
contract
for
the
Krishnapatnam
ultra
mega
power
project,
as
per
sources
in
the
Power
Ministry.
Apart
from
the
Krishnapatnam
ultra
mega
power
project,
Reliance
Power
has
also
bagged
the
Sasan
and
Mundra
mega
power
projects