Reliance Infra to Settle Rs 92.68 Crore Dues with Dhursar Solar Power as Per EPC Pact
In a recent development that underscores the evolving dynamics of India’s renewable energy ecosystem, Reliance Infrastructure Limited (RInfra) has announced a payment commitment of Rs 92.68 crore to Dhursar Solar Power Private Limited. This payment will be made as per the obligations outlined in their Energy Purchase Agreement (EPA), signaling progress in long-standing dues within the clean energy sector.
The decision reflects RInfra’s continued efforts to meet contractual obligations and clear pending liabilities with energy developers. The transaction is part of a larger framework governing power procurement under long-term renewable energy contracts, where timely payment remains crucial for project viability and investor confidence.
Background on the Agreement
The Energy Purchase Agreement was signed between Reliance Infrastructure and Dhursar Solar Power — a subsidiary of Reliance Power — to facilitate the offtake of solar energy generated at the Dhursar Solar Power Plant, located in Rajasthan. The plant is among the early solar power projects commissioned under India’s National Solar Mission.
The Rs 92.68 crore payment likely pertains to either outstanding energy supply dues or a settlement clause as agreed upon in the EPA. Such payments are usually structured based on per-unit tariffs for electricity delivered over a specific period, subject to performance and grid connectivity terms.
About Dhursar Solar Project
The Dhursar Solar Power Plant is a 40 MW (megawatt) capacity photovoltaic project located in the Jaisalmer district of Rajasthan. Commissioned by Reliance Power’s subsidiary, it was one of the earliest large-scale solar plants set up under Phase 1 of the Jawaharlal Nehru National Solar Mission (JNNSM).
Dhursar Solar has played a pivotal role in promoting grid-connected solar energy in the country and set benchmarks in operational efficiency during its initial years. Over the past decade, it has consistently contributed clean energy to the northern grid while helping reduce carbon emissions.
Financial Implications for Reliance Infra
The Rs 92.68 crore payout, while significant, is unlikely to severely impact Reliance Infra’s cash flow, given the company’s recent efforts to deleverage its balance sheet and divest non-core assets. The company has been gradually restructuring its businesses and focusing more on EPC contracts, infrastructure development, and utility services.
This payment also helps strengthen the group’s credibility in the renewable energy space, where financial discipline and timely settlements are critical for attracting future investments and maintaining long-term partnerships.
Sectoral Significance
This move holds larger implications for India’s power sector, especially in light of persistent issues surrounding payment delays from power purchasers to renewable developers. Settling such dues contributes positively to the ecosystem by enhancing liquidity for solar developers, ensuring maintenance of plants, and keeping investor sentiment intact.
As India marches towards its ambitious target of achieving 500 GW of renewable energy capacity by 2030, such operational and financial discipline across the value chain is crucial. Timely honor of contracts by companies like Reliance Infra sets a benchmark for transparency and stability.
Written by Indira Securities SEBI Registered with 30 plus years of experience in Stock Market!!!