R Power's Rosa project commences power generation

Reliance Power Ltd. announced that its first power project - 1200 MW Rosa Power Project has commenced power generation. With this milestone, the project has become the first thermal IPP to start generation in the Northern Region. The 1,200 MW coal based project is being set up at Rosa in Shahjahanpur District of Uttar Pradesh in two stages of 600 MW each. Stage I of the Rosa Power Project will supply the entire 600 MW power to UP Power Corporation Ltd. for which a Power Purchase Agreement (PPA) was signed on November 12, 2006. As per the PPA, the project is scheduled to commence supply of power to UPPCL from April 2010 from Unit I and July 2010 from the second unit.

Expansion of the Rosa Project (Stage II - 600 MW) is also making rapid progress. All major milestones in respect of Stage II, including coal linkage, award of EPC Contract and Financial Closure have been achieved and construction is in progress. Stage II of the project would supply 300 MW power to UP Power Corporation Ltd. for which a power purchase agreement (PPA) has been signed. The balance 300 MW power will be sold on merchant basis. With the progress achieved, the Stage II of the project is expected to begin operation in the XI Five-year Plan i.e. by March 2012 as against earlier envisaged in the XII plan.