rtn power, fully charged
For the past three financial years, RattanIndia has demonstrated a healthy track record of generation and offtake.
Its plant availability factor (PAF) was 81% in FY 2023 (86% in FY 2022) leading to healthy recovery of fixed cost.
Plant load factor (PLF) for the plant also improved to 77% in FY 2023 from 75% in FY 2022, driven by higher demand from MSEDCL (Maharashtra State Electricity Distribution Co. Ltd). This has led to optimum recovery of variable energy charges as well.
The company has a 25-year PPA (till 2040) with MSEDCL for almost its entire net capacity, which reduces offtake risk and provides revenue visibility.
The tariff structure allows the company to recover its entire fixed cost, provided the plant achieves a normative PAF of 85%.
Additionally, the plant has adequate fuel linkage for its coal requirement driven by FSA with SECL for 6.1 metric tonne per annum (MTPA).
Moreover, in case of further requirement or unavailability, the plant may procure coal from other alternate sources, contingent on requisite approvals, which allows it to show availability and recover fixed energy charges.
Its plant availability factor (PAF) was 81% in FY 2023 (86% in FY 2022) leading to healthy recovery of fixed cost.
Plant load factor (PLF) for the plant also improved to 77% in FY 2023 from 75% in FY 2022, driven by higher demand from MSEDCL (Maharashtra State Electricity Distribution Co. Ltd). This has led to optimum recovery of variable energy charges as well.
The company has a 25-year PPA (till 2040) with MSEDCL for almost its entire net capacity, which reduces offtake risk and provides revenue visibility.
The tariff structure allows the company to recover its entire fixed cost, provided the plant achieves a normative PAF of 85%.
Additionally, the plant has adequate fuel linkage for its coal requirement driven by FSA with SECL for 6.1 metric tonne per annum (MTPA).
Moreover, in case of further requirement or unavailability, the plant may procure coal from other alternate sources, contingent on requisite approvals, which allows it to show availability and recover fixed energy charges.
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