Reliance Power to commission Sasan project

Reliance Power will commission the first unit of its 3,960 MW- Sasan Ultra Mega Power Project in January 2013.
schedule.

As per the power purchase agreement, the first unit was to be ready by May 2013. According to the company, the six units of 660 MW each would be commissioned by June 2014.

“Sasan, with its landmark tariff of Rs 1.19 per Kwh, will benefit power consumers in seven states due to its early commissioning,” said Reliance Power CEO J P Chalasani.

Sasan project is estimated to cost around USD 4.3 billion, with financing by an equity contribution of USD 1.2 billion and term loans to the tune of USD 3.1 billion.

Based on super-critical technology, Sasan UMPP is a pit head coal-fired power plant and the company has entered into a 25-year PPA with off takers of power for the entire 3,9602 MW capacity.

Power generated from Sasan would be supplied to seven states — Madhya Pradesh, Punjab, Uttar Pradesh, Delhi, Haryana, Rajasthan and Uttarakhand.