Tilaiya Ultra Mega Power Project transfer to Reliance Power

The Tilaiya Ultra Mega Power Project (UMPP) has been transferred today to M/s Reliance Power Limited at the ‘Handing Over Ceremony’ held at Power Finance Corporation Limited (PFC), New Delhi. Shri M.K. Goel, Chairman, Jharkhand Integrated Power Limited (JIPL) handed over the Project to Shri J.P. Chalasani, CEO, Reliance Power Limited.

‘Environment Clearance’ for the project has been received on April 7, 2008 from ‘Ministry of Environment and Forests’. Water Allocation has been received on May 11, 2007 and allocation of the Captive Coal Mine Blocks has been received on July 20, 2007.

PFC has been designated as the ‘Nodal Agency’ for developing Ultra Mega Power Projects (UMPPs), an initiative of Government of India. Accordingly, JIPL was established as one of the wholly-owned subsidiaries (SPVs) of PFC for developing Tilaiya UMPP in the State of Jharkhand.

The successful developer for Tilaiya Ultra Mega Power Project has been selected based on the lowest-evaluated levelised tariff quoted by the bidders. The ‘Letter of Intent’ (LoI) for awarding Tilaiya UMPP was handed over to the successful bidder, M/s Reliance Power Ltd. (RPL) on February12, 2009.

As committed by M/s RPL in its offer, the first unit of 660 MW will be commissioned within 69 months from the date of transfer of JIPL to M/s RPL. Other 5 Units of 660 MW each shall be commissioned within a period of 74, 79, 84, 89 and 93 months respectively, from the date of transfer of JIPL. The transmission system for evacuation of power is being developed by Power Grid Corporation of India Limited. Power generated from the project will be allocated to the 10 States namely, Jharkhand (1000MW), Bihar (500MW), Uttar Pradesh (650MW), Delhi (150MW), Punjab (450MW), Haryana (200MW), Rajasthan (250MW), Madhya Pradesh (200MW), Gujrat (300MW) and Maharashtra (300MW).