Reliance Power’s Tilaiya UMPP gets nod for carbon credits from UNFCCC

Reliance Power's 3,960 MW Tilaiya Ultra Mega Power Project (UMPP) in Jharkhand has got approval for carbon credits from the United Nation & Framework Convention on Climate Change (UNFCCC). The pit-head based thermal power project has been registered with the Clean Development Mechanism Executive Board (CDM-EB) of UNFCCC and it allows the Tilaiya project to earn Certified Emission Reductions (CERs). The CERs can be traded and sold and translates into direct revenues for Reliance Power.

This is recognition of the company's commitment to use of clean, green technologies for reducing carbon footprints and sets a benchmark in the country.

Reliance Power's Tilaiya UMPP is a 3,960 MW (6 units of 660 MW each) pit-head project based on super-critical technology in Tilaiya in Hazaribagh district in Jharkhand. Jharkhand integrated Power, has entered into a 25-year Power Purchase Agreement (PPA) with off-takers for its entire capacity at a competitive tariff. The project would supply power to 18 off-takers in ten states. The Tilaiya project would be largest investment undertaken by any private sector entity in India's eastern part.

Recently, the company had received an approval from the Reserve Bank of India to raise $2.2 billion around Rs 11,000 crore from US Exim and Chinese banks for its flagship Sasan 3,960 megawatt ultra mega power project in Madhya Pradesh.