Aditya Aluminium power station

From Global Energy Monitor

Aditya Aluminium power station is a 900-megawatt (MW) power station of Hindalco Industries to supply the Aditya Alumina and Aluminium Project in Odisha, India.

Location

The photograph below shows the power station at the Hindalco alumuminium complex about 3 km north of Lapanga.

Loading map...

Background

Hindalco states that "The project also has a 20 million-tpa joint venture coal mine at Ib Valley, coal blocks Talabira II and III, Odisha, and a 900-MW captive power plant at Lapanga."[1] The project was reported as in operation by 2014.[2]

Aditya Aluminium was established in 1991, which is an aluminum project that consists of aluminum smelter and refinery.[3]

Financing

In September 2012, a financing agreement for the plant was closed.[4] SBI Capital Markets and IDBI Bank led a consortium of 28 international banks that agreed to provide Rs 9,896 crore in loans. SBI Capital Markets and IDBI Bank agreed to provide 50% of that loan amount. Hindalco Industries agreed to provide Rs 3899 crore in equity.[5] [6]

Project Details

Sponsor: Hindalco Industries
Location: Lapanga village, Sambalpur district, Odisha
Coordinates: 21.7400679, 84.0605915 (exact)
Status: Operating
Nameplate capacity: 900 MW (Units 1-6: 150 MW)
Type:
In service: 2014
Coal Type:
Coal Source: MCL mines and Mandakini Block Talcher
Estimated annual CO2:
Source of financing: US$678,057,034 in debt from SBI Capital Markets and IDBI Bank; US$678,057,034 in debt from 26 other international banks; US$534,254,453 in equity from Hindalco Industries[5][6]

Resources and articles

Related SourceWatch articles

References

  1. Hindalco Industries, Greenfield projects", Hindalco Industries website, accessed November 2011.
  2. "Primary aluminium installed capacity to reach 2,843.4 thousand tonnes by March 2015," CMIE, Nov 20, 2014
  3. "Aditya Aluminium Pvt. Ltd." Bloomberg Businessweek, accessed December 22, 2011.
  4. "Hindalco closes on Aditya Aluminium | News | IJGlobal". ijglobal.com. Retrieved 2020-10-09.
  5. 5.0 5.1 Mehta, Sangita; Ramsurya, M. V. "Banks rush to fund Hindalco's greenfield project". The Economic Times. Retrieved 2020-10-09.
  6. 6.0 6.1 "Aditya Aluminium achieves financial closure". The Hindu. Special Correspondent. 2012-09-17. ISSN 0971-751X. Retrieved 2020-10-09.CS1 maint: others (link)
Loading map...