Sasan Power

"This repayment will bolster Sasan Power's debt coverage metrics, improve liquidity, and enhance its credit rating," the company stated in its press release

Reliance Power on Wednesday said its arm Sasan Power Ltd has made a bullet payment of USD 150 million to IIFCL, UK, fulfilling its debt obligation on December 31, 2024. This repayment will bolster Sasan Power's debt coverage metrics, improve liquidity, and enhance its credit rating, a company statement said. Sasan Power operates a 3,960 MW Ultra Mega Power Plant (UMPP) in Sasan, Madhya Pradesh, which is the world's largest integrated coal-based power plant, it said. It boasts a captive coal mining capacity of 20 MTPA. The plant supplies electricity to 14 Discoms distribution companies (DISCOMs) across seven states -- Madhya Pradesh, Uttar Pradesh, Rajasthan, Punjab, Haryana, Uttarakhand, and New Delhi -- at the lowest tariff in India of Rs 1.54 per unit, benefiting more than 40 crore people. For seven consecutive years, Sasan Power has been ranked as the best-performing power plant in India. The loan repayment further strengthens Reliance Power's balance sheet as the company ...

Reliance Power said Sasan has always been regular on debt service without taking any support from its parent company

On November 20 last year, the tribunal had set aside the CERC order which disallowed Sasan Power's claims seeking compensation

Coal Ministry had earlier directed Sasan Power Ltd to limit annual coal production at 16 mpta

Move will facilitate Sasan UMPP to generate additionally 2.2 billion units of electricity

Coal Ministry had earlier restricted SPL's annual coal production to 16 mtpa