Mumbai (Agencies): Anil Ambani-led Reliance Power on Monday posted a 7.45 per cent increase in its net profit at Rs 143.61 crore in the third quarter ended December 31, 2010, against Rs 133.64 crore in the same period in 2009.

Its revenue rose by 98.2 per cent to Rs 355.13 crore as against Rs 179.16 crore in the last fiscal.

"The total revenues reflect the income generated from the sale of energy from our 600-MW power plant at Rosa in Uttar Pradesh, which is now operating at full capacity," the company's CEO J P Chalasani told reporters here.

Apart from this, the other incomes generated from the company's associated business activities are also reflecting in the total income, he said.

"Once our major power plants are operational by around 2013, income from other businesses will slowly become negligible and the revenue from the core business will be reflected in our total income," Chalasani said.

On the company's various projects, he said the Samalkot gas-based project is on track and likely to be commissioned by the year-end.

"We need allocation of 9.6 MMSCMD of domestic natural gas to fuel our project. We have written to the ministry to arrange gas supplies for the project either from pre-NELP or NELP blocks. We expect the project to be commissioned by November 2011," he said.

However, he mentioned the company also had a back up plan if the demand was not met. "We are positive that we will get the gas supply. But we also have a back-up plan," Chalasani said, without revealing details.

The company has signed a power purchase agreement with NVVN, a subsidiary of NTPC, for 100 MW of concentrated solar power plant in Rajasthan.

"We will keep adding our solar power capacity continuously," he said.

The company also plans to set up a 100-MW wind power plant in Maharashtra. "We are also looking at places like Gujarat and Tamil Nadu for setting up wind-based power plants," he said.

Development of Sasan and Tilaiya coal mines is on schedule to meet the commissioning period, he said, adding the first batch of coal mining equipment for Sasan coal mines would be shipped from USA in March 2011.

"RPower's coal-based projects of over 20,000 MW are progressing as planned and we will emerge as the largest private power producer in India," he said.

Exploratory work has commenced on all four coal bed methane (CBM) blocks and drilling work has commenced in the Sohagpur block in Madhya Pradesh, he said.

During the quarter, the business undertaking of Reliance Natural Resources (RNRL) was transferred to the company.

"We could add Rs 10 crore in the topline and Rs 3 crore in the bottomline from the agreement," he added.