New Delhi, Jan 1 (Agency) Sasan Power Ltd (Sasan Power), a subsidiary of Reliance Power on Wednesday said that it has made a payment of US$150 million to IIFCL, UK, fulfilling its debt obligation on December 31, 2024. “This repayment will bolster Sasan Power’s debt coverage metrics, improve liquidity, and enhance its credit rating,” the company said in a media release. Sasan Power operates a 3960 MW Ultra Mega Power Plant (UMPP) in Sasan, Madhya Pradesh. It boasts a captive coal mining capacity of 20 MTPA.
The plant supplies electricity to 14 Discoms distribution companies (DISCOMs) across seven states—Madhya Pradesh, Uttar Pradesh, Rajasthan, Punjab, Haryana, Uttarakhand, and New Delhi—at the lowest tariff in India of Rs 1.54 per unit. “The loan repayment further strengthens Reliance Power’s balance sheet as the company transitions its focus toward the renewable energy sector, which is poised to drive future growth,” Reliance Power said. Reliance Power recently raised Rs 1,525 crore through equity-linked warrants via a preferential issue. This capital infusion positions the company to capitalize on growth opportunities in the rapidly expanding renewable energy market. “With a current net worth of Rs 14,393 crore, Reliance Power’s enhanced equity base will elevate its net worth to over Rs 15,000 crore,” the company said.