| Reliance Power Limited is a part of the Reliance Group, one of India's largest business houses. The group operates across multiple sectors,including telecommunications, financial services, media and entertainment, infrastructure and energy. The energy sector companies include Reliance Power and Reliance Infrastructure.
Reliance Power has been established to develop, construct and operate power projects both in India as well as internationally. The Company on its own and through its subsidiaries has a large portfolio of power generation capacity, both in operation as well as capacity under development.
The power projects are going to be diverse in terms of geographic location, fuel type, fuel source and off-take, and each project is planned to be strategically located near an available fuel supply or load centre. The company has close to 6000 MW of operational power generation assets. The projects under development include three coal-fired projects to be fueled by reserves from captive mines and supplies from India and elsewhere; one gas-fired projects; and twelve hydroelectric projects, six of them in Arunachal Pradesh, five in Himachal Pradesh and one in Uttarakhand.
Reliance Power's project portfolio also includes 3,960 MW Sasan Ultra Mega Power Project (Madhya Pradesh). UMPPs are a significant part of the Indian government's initiative to collaborate with power generation companies to set up 4,000 MW projects to ease the country's power deficit situation.
January 17, 1995 Incorporated as Bawana Power Private Limited
February 1, 1995 Name changed to Reliance Delhi Power Private Limited by
a special resolution of the members passed at the EGM
February 3, 1995 Fresh certificate of incorporation consequent to the change
of name was granted
January 23, 2004 Name changed to Reliance EGen Private Limited by a
special resolution of the members passed at the EGM
February 17, 2004 Fresh certificate of incorporation consequent to the change
of name was granted
March 5, 2004 Name changed to Reliance Energy Generation Private Limited
by a special resolution of the members passed at the EGM
March 10, 2004 Fresh certificate of incorporation consequent to the change of
name was granted
March 19, 2004 Name changed to Reliance Energy Generation Limited following
the change of status from a private to a public company by a
special resolution of the members passed at the EGM
March 31, 2004 Fresh certificate of incorporation consequent to the change of name
July 4, 2007 Name changed to Reliance Power Limited by a special resolution of
the members passed at an EGM
July 7, 2007 Fresh certificate of incorporation consequent to the change of name
The aforesaid changes were made in the name to reflect the changing nature of the business
or the constitution of the company and/or to clearly reflect the nature of the business.
Key Milestones
Sr. No. Date Details
1. January 1995 The Company was originally incorporated as Bawana Power
Private Limited.
2. March 2004 The Company was converted to a public company.
3 April, 2005 The Company entered into a MoU with the Government of
Maharashtra for setting up of thermal power plant of 1,200 MW
and a gas based power plant of 2,800 MW at a suitable location.
The plant is now being set up at Shahapur in Raigad district
of Maharashtra.
4. May 2005 Letter of Award for Urthing Sobla hydro power project awarded to
REL*
5. September 2005 Letter of Award for Siyom project awarded to REL*
6. September 2005 Letter of Award for Tato II project awarded to REL*
7. April 2006 REL entered into a MoU for setting up a power plant of 300 MW at
Butibori in Nagpur district of Maharashtra.*
8. November 2006 The Company acquired RPSCL from Aditya Birla Power Supply
Company Limited which company is setting up 1,200 MW Coal
Based Power Plant at Rosa, Shahjahanpur, Uttar Pradesh.
9. August 2007 The Company acquired SPL from Power Finance Corporation
Limited, which is setting up 3,960 MW pithead power plant at Sasan,
Madhya Pradesh.
10. September 29,
2007 Amalgamation of RPUPL with the Company becomes effective.
11. November 30,
2007 Letter of Award for Krishnapatnam UMPP awarded to Reliance Power
2008
-Reliance Power will offer 260 million shares through the IPO or 10.1 per cent of the company's capital. The company aims to raise between Rs 105 billion and 115 billion ($2.6 billion to $2.9 billion) through the offering, which will be open for subscription from January 15 to January 18, investment bankers said. The shares will be offered in the Rs 405 to Rs 450 price band.
- Reliance Power Ltd has informed that the Company has appointed Shri. J P Chalasani, former Whole-time Director (Business Development) of Reliance Energy Ltd as CEO of the Company.
-The Company has issued Bonus Shares in the Ratio of 3:5.
2010
- Export-Import Bank of the US (Ex-Im) gave its preliminary approval to finance Reliance Power's 4,000-MW project in Sasan, Madhya Pradesh.
- ADAG firm Reliance Power on May 28 acquired 433 MW of power generation assets from Group company Reliance Infrastructure for Rs 1,095 crore in order to bring the entire power generation portfolio under one roof.
- Anil Dhirubhai Ambani Group Company, Reliance Power will target to put on track the 4,000-MW Chitrangi power project in Madhya Pradesh by October 2010.
- Reliance Power - Award of 30,000 MW BTG contract for coal based power plants
- Reliance Power- Award of Letter of Intent (LOI) by NTPC Vidhyut Vyapar Nigam Limited
- Reliance Power - RNRL merger with RPower to take effect
- Reliance Coal Resources Ltd, has entered into Share Purchase Agreements to acquire the entire share capital of two coal companies in Indonesia.
- Reliance Power - Reliance Powered 4,000 MW Krishnapatnam UMPP achieves financial closure.
- Reliance Power, Anil Ambani Group firm, has awarded a Rs 10,000 crore equipment order to
GE Energy India.
2011
- Madhya Pradesh Government asked Reliance Power to signed PPA latest by July end.
- Reliance Power - Reliance Powerered 3,960 MW Krishnapatnam Ultra Mega Power Project
- Reliance Power - Reliance Powerered 4,000 MW Sasan Power Project in Madhya Pradesh, gets approval for carbon credits
- Anil Ambani's Reliance Power Ltd (RPower) announced its first ever operating revenue from power generating assets for the year 2010-11 which has pushed up company's profit by 11 percent to Rs. 760.4 crore.
- Reliance Power project achieved 105% generation capacity
- In order to fulfill the power requirement for the upcoming 100 mw solar power project of Reliance Power in Jaisalmer Rajasthan, the company is belived to sign the power purchase agreement with the state-owned NTPC.
- A power purchase agreement has been signed by Reliance Power with NTPC Vidyut Vyapar Nigam for a 100-Mw solar thermal power project in the Bikaner region in Rajasthan.
2012
- Europe's largest oil company, Royal Dutch Shell has joined hands with India's Reliance Power (RPower) to jointly develop a liquefied natural gas (LNG) import terminal off the coast of Kakinada in Andhra Pradesh by 2014.
- Reliance Power signed MoU with Ming Yang Holdings Singapore, a subsidiary of China Ming Yang Wind Power Group Limited to boost power operations in India, overseas.
- Reliance Power - Reliance Power entered into a Strategic Partnership with China Datang
- Anil Dhirubhai Ambani-led Reliance Power Ltd said that rating agency ICRA Ltd has provided the company with a revised rating to (ICRA) A1 for its Rs 1000 crore commercial paper program.
2013
- Reliance Power - Reliance Power started Power Generation from the second unit of its 600MW Butibori Thermal Power Plant in Maharashtra.
2014
-"Reliance Power signs exclusive Memorandum of Understanding to acquire 100% of entire Hydro Power Portfolio of Jaiprakash Power Ventures".
-Reliance has informed board that "Boiler Lightup achieved for Third 660 MW unit of 3,960 MW Sasan Ultra Mega Power Plant".
2015
-Reliance Power Ltd - The company's 3,960 MW Sasan thermal power plant has been fully commissioned
-Reliance Power Signs MOU with Government of Bangladesh to Develop 3,000 MW of Power Capacity
2016
- Govt of Bangladesh Approves First Phase of Reliance Power's Project
- Sasan UMPP achieves 100% Plant Load Factor in April
- Coal Min Grants Permission To Sasan UMPP To Produce Additional Coal
- CERC Approves Change in Law Petition of Sasan UMPP
-
2017
- MoU with Petro Bangla
- APTEL allows fuel cost pass-through for Butibori Plant
- LNG Based Combined Cycle Power plant and LNG Terminal Project in Bangladesh.
2018
-Reliance Power Limited has won an arbitration award against North American Coal Corporation.
2019
-Reliance Power signs pact with JERA (Japan) to set up 750 MW power project in Bangladesh.
2020
-Reliance Power wins a Lawsuit in Indonesian Court challenging validity of Singapore Arbitration Award in its favour.
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