The deal will make Reliance Power the largest hydroelectricity manufacturer in the private sector, and one of the largest power companies in the country
The ruling would provide a cushion to the companies against escalation in cost of imported coal for the plant.<br />
"We will not rest till the company takes measures to lower the tariff," Nirupam said addressing the protesters who raised slogans branding Reliance Energy Chairman Anil Ambani as a "thief".
The 700 MW Tato hydro power project in Arunchal Pradesh is being set up by Tato Hydro Power Private Ltd, a subsidiary of Reliance Power.
Sasan Power Ltd (SPL) is a subsidiary of Reliance Power for setting up the 4,000 MW plant.
Reliance Power may approach the electricity regulator seeking a higher tariff for its proposed ultra mega power project at Tilaiya due to an increase in raw material costs
Reliance Power through its subsidiary Sasan Power Ltd is setting up the 4,000 MW ultra mega power project at Sasan in Madhya Pradesh.<br /><br />
The first unit would start commercial operations or selling of electricity from the plant in the next fortnight.
Reliance Power bagged this project in 2007 in an international tender quoting the lowest 'levelised' tariff of Rs 1.19 per unit for 25 years.
The 30-share barometer, which had gained 179.75 points in the previous session on Friday, rose by 41.10 points, or 0.20 per cent, to 20,144.63, with realty, banking and auto sector stocks leading the rise.
The firm had reported a total income of Rs 674 crore in the third quarter of the previous financial year (2011-12).
Reliance Power's founder companies have raised Rs 1500 crore by selling a 5.42 percent stake in the Indian firm, Reliance said on Wednesday.
An interministerial group (IMG) will review Tata Steel and Reliance Power coal blocks on Friday. Apart from these two groups the coal blocks of Bhushan steel is also up for review.
The Inter-Ministerial Group (IMG) on the allocation of coal blocks will decide today the fate of 29 mines given to companies following its last week's review of the progress made in developing them.
The IMG meeting took place in the backdrop of the CAG estimating undue advantage to private companies to the extent of Rs 1.86 lakh crore in the absence of auction.
On day two of captive coal mines review by an inter-ministerial group (IMG), Reliance Power said it has begun production ahead of schedule from its blocks Moher and Moher-Amlohri extension in Madhya Pradesh.
Reliance Power chairman Anil Ambani called for healthy tariff structures to ensure that power producers and distributors remain in business.