Reliance Power’s 3,960 mw Tilaiya ultra mega power project in Jharkhand has bagged entitlement for carbon credit benefits under the UNFCC’s clean development mechanism programme, in a move that should help it generate additional revenue of over R2,000 crore over the initial ten years of its operations.
The project, which is to be based on supercritical equipment, will start generation from the year 2015. It will generate 21.3 million certified emission reduction (CER) certificates, which can be sold in the market. Reliance Power’s Sasan and Krishnaptnam UMPPs are already registered with the UN agency for similar carbon credit benefits.
Tilaiya is a pit-head power project with two captive coal mine blocks — Kerandari ‘B’ and ‘C’ — that have estimated reserves of almost 1.3 billion tonnes. The mining plan approved for the project envisages production of almost 40 million tonne of coal a year.
On completion, the Tilaiya UMPP will become India’s largest integrated power plant. Power generated form the proposed will be supplied to ten states of northern and eastern India at a levelised tariff of R1.77 a unit. The developer plans to finance the integrated power project, which is estimated to cost R24,000 crore, in the debt and equity ratio of 75 and 25. It expects to achieve financial closure for the project soon.
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