Reliance Power

Reliance Power Limited (R-Power), formerly Reliance Energy Generation Limited (REGL) is a part of the Reliance Group. It was established to develop, construct, operate and maintain power projects in the Indian and international markets. Reliance Infrastructure, an Indian private sector power utility company and the Reliance ADA Group promote Reliance Power. The present CEO of Reliance Power is K. Raja Gopal since 2 May 2018.[3]

The company was the sole distributor of electricity to consumers in the suburbs of Mumbai but in 2017 they sold Mumbai operation to Adani Power. It also runs power generation, transmission and distribution businesses in other parts of Maharashtra, Goa and Andhra Pradesh. With its subsidiaries, it is developing 13 medium and large-sized power projects with a combined planned installed capacity of 33,480 MW.

Reliance Natural Resources merged with Reliance Power in 2010, shortly after its initial public offering.[4] As of March 2018, Reliance Power has 50 subsidiaries. In

Power generation projects

Coal based thermal power projects

Sasan Ultra Mega Power Project, at Sasan village in Singrauli district, Madhya Pradesh – 3,960 MW (6×660 MW). Running with full capacity from March 2015.[6] This is designated as an Ultra mega power projects (UMPP) by the government of India.
Rosa Thermal Power Project: 1,200 MW (4×300 MW) coal-based thermal power plant in Rosa village, Shahjahanpur district, Uttar Pradesh. The plant is fully functional.
Butibori Thermal Power Project: 600 MW (2×300 MW), at Butibori near Nagpur, Maharashtra. The plant is fully functional.[7]

Gas based thermal power projects

Samalkot Power Project: 2,400 MW (3 x 800 MW) gas-fired thermal power project at Samalkot in East Godavari district of Andhra Pradesh. This partially implemented project is at a standstill for reasons of financial stress and lack of gas supply. Construction is not complete and whatever capacity has been installed is not being used. In 2018, Reliance power signed an agreement with the government of Bangladesh to "relocate" (or divert?) one unit from Samalkot to that country.[8]

Shelved thermal power projects

Tilaiya Ultra Mega Power Project – 4,000 MW at Tilaiya in Jharkhand – Shelved. Reliance Power exited this project in 2015, citing delays in land acquisition. Three years later, in May 2018, it sold all remaining interests in the project to Jharkhand State Power Development Corporation for a sum of ₹112 crores.
Krishnapatnam Ultra Mega Power Project at Krishnapatnam in Nellore district, Andhra Pradesh – 3,960 MW (6×660 MW) – shelved. Shortly after the project was cleared in 2011, Indonesia changed its coal export policy and the project became unviable. Nevertheless, Reliance took possession of the land. In 2016, Reliance began the process of abandoning the project by seeking an exit deal with the Andhra Pradesh government. There were issues of money and bank guarantees, and the matter went into litigation. In January 2019, the Delhi High Court upheld the invocation of bank guarantees (300 crores) by the government. The project stands shelved.
Chitrangi Power Project: 3,960 MW (6 x 660 MW) – This coal-based project in Chitrangi in Singhauli district of Madhya Pradesh was canceled and shelved even before the agreement was signed. In 2011, Reliance Power won the tendering process by bidding aggressively a price of only 3.70/unit of electricity. However, it made no movement for several years. Resultantly, environment clearance lapsed in 2016 and was not extended. In March 2018, the Uttar Pradesh Power Corporation, which was the customer for the project, canceled the contract and seized the bank guarantees.[9]
Dhirubhai Ambani Energy City (DAEC) Dadri Power Project in Uttar Pradesh: 7,480 MW (shelved)

Renewable energy

There is only one operational Renewable Energy (RE) project. All the rest are pending at various stages; some may have been shelved formally or informally. The projects are:

Dhirubhai Ambani Solar Park – 40 MW. This is the only operational project.

type	Public
traded as	bse: 532939 nse: RPOWER
foundation	17
founder	Dhirubhai Ambani
location	DAKC, Navi Mumbai, India
key people	Anil Ambani (chairman) Neeraj Parakh (CEO & Executive Director)
industry	Electric utility
products	Electrical power Natural gas
services	Electricity generation and distribution natural gas exploration, production, transportation and distribution
revenue	inr 84198799999.99998‡R1R‡ (2021)
operating income	inr 29776200000 (2021)
net income	inr 2286300000‡R1R‡ (2021)
assets	inr 507818300000 (2021)
equity	inr 138138500000 (2021)
num employees	1300+ (2021)‡R2R‡
parent	Reliance Group
homepage	reliancepower.co.in

Overview

Power generation projects

Coal based thermal power projects

Gas based thermal power projects

Shelved thermal power projects

Renewable energy

Power distribution

Order to Shanghai Electric

Loans from Exim bank

Initial public offering and controversies

Carbon credits

External links

References