BS reported that the two 4,000 MW each ultra mega power project at Sasan in Madhya Pradesh, set up by Reliance Power and at Mundra in Gujarat, developed by TATA Power, are likely to be fully commissioned by 2013.

Reliance Power, has committed to the union ministry of power and Central Electricity Authority to advance the commissioning schedule of Sasan UMPP by 3 years. The project, with captive coal mines, was scheduled to be commissioned between May 2013 and April 2016 as per the power purchase agreement. Reliance Power is likely to achieve financial closure for the Sasan project by October 2008.

Reliance Power, has committed the government to advance the commissioning of its first unit by 16 months to December 2011, as against May 2013 as per the PPA. The second unit will come after three months in March 2012.

Meanwhile, TATA Power had achieved financial closure for the Mundra project during April 2008. The first of Mundra's six units are likely to be commissioned by September 2011 and the entire project is slated to take off by March 2013. Mundra UMPP is also ahead of earlier schedule by 11 months for the first unit and by 17 months for the project commissioning.