An MoU was signed today between Rewa Ultra Mega Solar Limited (RUMSL) and the World Bank, which will provide a loan of USD 30 million (around Rs 210 crore) to develop the “world’s largest” 750 MW solar power plant in Rewa and another one in Mandsaur in Madhya Pradesh. The MoU was signed in the national capital, a senior official said. “World Bank’s arm – Indian Renewable Energy Development Agency (IREDA)- and Rewa Ultra Mega Solar Limited (RUMSL), a joint venture of the state and the Centre, signed an agreement in New Delhi today,” Principal Secretary of Madhya Pradesh’s New & Renewable Energy Department, Manu Srivastava, told PTI over phone. “The signing of the loan agreement at India Habitat Centre is a major step towards fulfilling Prime Minister Narendra Modi’s mission of 100 GW solar power generation in India by 2022,” he added.
WB is providing a loan of USD 100 million through IREDA for financing infrastructure of solar parks in India,” Srivastava said. “IREDA is the nodal project implementation for the loan,” he added. RUMSL, a joint venture of MP Urja Vikas Nigam and Solar Energy Company of India (SECI) is developing the world’s largest solar power plant in Rewa district and 250 MW solar power plant in Mandsaur.
NTPC’s profit for the quarter ended December 31 declined 4.4% year-on-year to Rs 2,360.8 crore as expenses grew 11.5% to Rs 18,443.8 crore. The company’s depreciation, amortisation and impairment expenses went up by 26.7% year-on-year to Rs 1,881.4 crore. Apart from that, the company had also set aside Rs 59.3 crore due to various regulatory deferrals, compared with Rs 25.2 crore on this account in the same period the previous fiscal. The company spent around Rs 447 crore more on employee benefits owing to the revised payment structure and a surge in earned leave encashment by its staff. NTPC’s earnings before interest, tax, depreciation and amortisation (EBITDA) fell 4.7% to Rs 5,217.6 crore, while the Ebitda margin went down by 300 basis points to 25.2%. The state-owned power generation behemoth sold 63.37 billion units of electricity in the quarter, an annual rise of 10.7%. The average tariff was Rs 3.21 per unit.
The plant load factor (PLF) for the company’s coal-based plants fell by 29 basis points points to 76.9% in the quarter. For the first nine months of FY18, NTPC coal stations achieved PLF of 77.5% as against the national average of 59.7%. In line with the government’s agenda to minimise reliability on imported coal for power generation, NTPC continued to cut its dependence on imported coal, consuming only 0.06 million tonne of the fuel sourced from outside India in the quarter. The figure is 50% lower than the year-ago period.
The total installed capacity at the end of December stood at 51,383 MW, or 15% of the overall power generation capacity in India.
The net capacity addition by NTPC between Q3FY17 and Q3FY18 was 3,355 MW. This includes solar projects of 260 MW in Bhadla, 660 MW in Solapur and 250 MW in Mandsaur. The thermal capacity additions in the period were 800 MW in Kudgi, 660 MW in Mauda, 250 MW in Bongaigaon and 500 MW in Unchahar.