CERC to hear RPower's plea on Tilaiya UMPP on October 15

Electricity regulator CERC will next month hear Reliance Power's petition seeking higher tariff from the proposed 4,000 MW ultra mega power project (UMPP) at Tilaiya in Jharkhand.

The petition was filed last week by Jharkhand Integrated Power Limited, the special purpose vehicle which is executing the project.

The company has sought higher electricity tariff for the power produced from the Tilaiya plant due to increase in raw material and equipment cost as a result of rupee depreciation.

According to information available on the website of Central Electricity Regulatory Commission (CERC), the petition will come up for hearing on October 15.

Jharkhand Integrated Power Limited is a subsidiary of Reliance Power.

Reliance Power has already filed four petitions with the regulatory commission, seeking relief for its other UMPP at Sasan in Madhya Pradesh, due to a rise in construction cost and rupee depreciation.

The company's Chief Executive Officer J P Chalasani announced his resignation late last week. He will leave the company towards the end of this year to pursue entrepreneurial ambitions.

Power Finance Corporation, the nodal agency for UMPPs, has awarded four such projects. Reliance Power has bagged three - Krishnapatnam in Andhra Pradesh, Tilaiya and Sasan. Tata Power has set up a 4,000 MW plant at Mundra in Gujarat.

Last week, PFC invited preliminary bids for two proposed UMPPs at Cheyyur in Tamil Nadu and Bedabahal in Odisha.

The last date for submission of initials bids for these plants is November 11.