RPower News

Looking to exit the stalled 4,000 MW Krishnapatnam power project, Reliance Power has written to Andhra Pradesh government suggesting that it could be done on similar lines to that of Tilaiya UMPP, which was acquired by procurers from the company.

The Supreme Court had scrapped allocations of 204 coal blocks in 2014.

Reliance Power Tuesday reported a marginal 2.8 percent rise in consolidated net profit at Rs 276.47 crore for the quarter ended March 31, 2015.

The government has cancelled allocation of one of three coal blocks to Reliance Power's Sasan project in Madhya Pradesh.

Reliance Power has terminated the contract for Rs 36,000 crore Tilaiya ultra mega power project in Jharkhand over inordinate delays in land acquisition.

Reliance Power on Wednesday said that it has fully commissioned 3,960 MW Sasan ultra mega power project in Madhya Pradesh.

An MoU in this regard was signed by state Chief Minister Vasundhara Raje and Chairman of Reliance Power Anil Ambani here.

Reliance Power (RPower) plans to invest nearly Rs 50,000 crore in the next five years to undertake various expansion projects, including increasing power generation and coal production.

The exclusivity period of the pact for Reliance Power's proposed acquisition of Jaiprakash Associates' hydro power portfolio in a Rs 12,000 crore deal is likely to be extended by 60 days.

With this, the total operational capacity of the Sasan plant in Madhya Pradesh has reached 3,300 MW, Reliance Power said in a release.

Reliance Power today reported a marginal growth in net profit at Rs 244.35 crore for the first quarter ended June 30, 2014-15.