Reliance Power is expected to file a petition with the Central Electricity Regulatory Commission (CERC) this week, seeking an upward revision in the power tariff for its proposed ultra mega power project at Tilaiya due to an increase in raw material costs. This would be the second project for which the company has sought a price revision.
In January 2009, the company won the bid for the 4,000 MW, coal-based ultra mega power project (UMPP) at Tilaiya in Jharkhand quoting a tariff of Rs 1.77 a unit. The company has already filed four petitions with the CERC, seeking relief for the Sasan UMPP in Madhya Pradesh due to a rise in construction costs and depreciation in the rupee.
Power Finance Corporation, the nodal agency for Ultra Mega Power Projects (UMPPs), has awarded four such projects. Reliance Power has bagged three - Krishnapatnam in Andhra Pradesh, Tilaiya and Sasan.
