The company had reported a consolidated net profit of Rs 230.85 crore in the quarter ended on June 30, 2017, a BSE filing said.
(Reuters)

Reliance Power today posted about three per cent increase in its consolidated net profit at Rs 237.33 crore in the quarter ended on June 30, 2018.

The company had reported a consolidated net profit of Rs 230.85 crore in the quarter ended on June 30, 2017, a BSE filing said.

According to the filing, total income of the company declined to Rs 2,370.55 crore in the first quarter of this fiscal from Rs 2,752.32 crore a year ago.

The company said that its 3,960 MW Sasan ultra mega power project (UMPP) in Madhya Pradesh operated at PLF (plant load factor or capacity utilisation) of 98.2 per cent, the highest ever quarterly station PLF achieved since commercial operation date (COD).

It also said that Sasan project’s PLF continues to be the highest among all 1,000 MW plus thermal plants in the country for two consecutive quarters.

Its 1,200 MW Rosa power plant in Uttar Pradesh operated at PLF of 63 per cent while the 600 MW Butibori power plant in Maharashtra operated at PLF of 45 per cent.

The 40 MW Dhursar Solar PV plant in Rajasthan is operated at PLF of 21 per cent, whereas the 45 MW Wind capacity in Vashpet, Maharashtra, is operated at PLF of 18 per cent.

The 100 MW concentrated solar power (CSP) project in Dhursar, Rajasthan, generated 31 million units, it added.

Read more: Reliance Power net rises 3 per cent to Rs 237.33...

Himachal Pradesh CM Jai Ram Thakur (Express Photo)

Himachal Pradesh State Electricity Board Limited (HPSEBL) will purchase power produced by small power projects of up to 25 MW capacity in order to help the producers and attract more investment in energy sector, Chief Minister Jai Ram Thakur said today. The chief minister was speaking while presiding over a seminar on ‘Speedy Development of Hydro Electric Projects in Himachal Pradesh’.

The event was organised by Bonafide Himachalis Hydro Power Developers and Himalaya Power Producers Association in collaboration with Union Ministry of New and Renewable Energy. Thakur said the state has identified potential of over 27,000 MW, which once fully harnessed have the potential to transform the economy of Himachal Pradesh. Till date only 10,547 MW potential stands harnessed.
The state government has set a target to harness about 182 MW potential during the current year by active participation of private and public sectors, for which it was providing several incentives to the power producers.

He also said the power producers will be independent to sell the electricity generated by them to other interested buyers and a committee will be constituted under the chairmanship of Power Minister to look into the issues raised by the power producers of the state. The CM also indicated that efforts will be made to simplify procedures for giving clearances for setting up of power projects.

Thakur said the state government already deferred the royalty at the rate of 12 per cent for the first 12 years for upcoming projects, which will immensely benefit the power producers. Bonafide Himachalis Hydro Developers and Himalaya Power Producers Association presented a cheque of Rs 11 lakh to the chief minister towards Chief Minister’s Relief Fund on the occasion.

MPP and Power Minister Anil Sharma said power and tourism sector has immense potential for making the state economically self-sufficient and providing employment opportunities to the youth.

Read more: Himachal Pradesh to buy electricity from small...

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