The project is being built by Prayagraj Power Generation, a power generation subsidiary of the privately owned Jaypee Group, a major Indian infrastructure company with interests in Civil Engineering and Construction, Cement, Power, Real Estate, Expressways, Hospitality, Golf Courses and Education. According to Jaypee Group (2011), the project will be built in two Phases. Phase 1, comprising three 660 MW units, is slated to be commissioned in 2015.[2] JPV bought the Prayagraj Power Generation Company, a special purpose project company created by the Uttar Pradesh Power Corporation to build the Bara project on a 'build, own, operate' basis.[3]
According to the 2010/2011 annual report, the company was in possession of the 778 hectares needed for the project and had received the necessary environmental clearance, water linkage, and coal linkage. Boiler foundations were completed and other construction works was underway. Financial closure had been achieved.[2][4]
Phase I
According to the JP Power Ventures website (2014), Phase I is planned for completion by 2014.[5] Unit 1 was reported to be on the verge of synchronization in October 2015.[6] However, as of 2015, Phase I was under construction, with Unit 1 planned for October 2015 and units 2-3 in 2016, according to the India Central Electrical Authority.[7]
Unit 1 was commissioned in December 2015, and units 2-3 are planned for late 2016.[8]
In September 2010, a financing agreement for phase I was closed. US$1,759.36 million in loans was provided by IDBI Bank, Indian Bank, Indian Overseas Bank, United Bank of India, Larsen & Toubro, Life Insurance Corporation of India, Oriental Bank of Commerce, Punjab National Bank, Uco Bank, Corporation Bank, Canara Bank, Andhra Bank, Bank of Baroda, State Bank of India, and Bank of India. SBI Capital Markets acted as financial adviser to the sponsors.[11]
In February 2014, a refinancing agreement for phase I was closed. US$115 million in loans was provided by SBI Capital Markets and India Infrastructure Finance Company. SBI Capital Markets again acted as financial adviser to the sponsors.[12]
Phase II
Phase II would comprise two 660 MW units. As of May 2016, phase II has yet to receive environmental permits, and appears to be deferred or abandoned.
Citizen opposition
Both the Bara project and the nearby Karchana Thermal Power Project (now cancelled) have been the subject of local opposition and agitation. The Environmental Justice Atlas reported that protests at the Bara project in January 2011 damaged "police vehicles to protest against land acquisition policies." Additionally, protesters claimed one farmer was killed in police firing, a charge denied by the Uttar Pradesh government.[13]
It was reported in February 2011 that villagers ransacked and damaged property at the project site. The protesters had reportedly inflicted damage worth Rs 1 crore.[14]
Project Details
Sponsor: Prayagraj Power Generation Co. Ltd. (PPGCL) Parent:Jaypee Group Location: Bara village, Bara tehsil, Allahabad district, Uttar Pradesh Coordinates: 25.196345, 81.6585338 (exact) Status:
Type: In service: 2015 (Unit 1), 2016 (Unit 2), Unit 3 (2017) Coal Type: Coal Source: Estimated annual CO2: Source of financing: phase I: US$1,759.36 million in debt from IDBI Bank, Indian Bank, Indian Overseas Bank, United Bank of India, Larsen & Toubro, Life Insurance Corporation of India, Oriental Bank of Commerce, Punjab National Bank, Uco Bank, Corporation Bank, Canara Bank, Andhra Bank, Bank of Baroda, State Bank of India, and Bank of India;[11]US$115 million in debt from SBI Capital Markets and India Infrastructure Finance Company. SBI Capital Markets again acted as financial adviser to the sponsors[12] Permits and applications:Environmental Clearance for Phase I, India MoEF, September 8, 2009
Articles and Resources
Sources
↑"Thermal Power", Jaiprakash Power Ventures website, accessed November 2011.
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Pradesh\n\u003C/p\u003E\u003C/div\u003E\u003C/b\u003E\u003Cdiv class=\"mw-parser-output\"\u003E\u003Cp\u003EClick \u003Cb\u003E\u003Ca href=\"/Category:Proposed_coal_plants_in_Andhra_Pradesh\" title=\"Category:Proposed coal plants in Andhra Pradesh\"\u003Ehere\u003C/a\u003E\u003C/b\u003E for more information.\n\u003C/p\u003E\u003C/div\u003E","title":"Proposed coal plants in Andhra Pradesh\n","link":"","lat":17.370000000000001,"lon":78.469999999999999,"icon":""},{"text":"\u003Cb\u003E\u003Cdiv class=\"mw-parser-output\"\u003E\u003Cp\u003EProposed coal plants in Assam\n\u003C/p\u003E\u003C/div\u003E\u003C/b\u003E\u003Cdiv class=\"mw-parser-output\"\u003E\u003Cp\u003EClick \u003Cb\u003E\u003Ca href=\"/Category:Proposed_coal_plants_in_Assam\" title=\"Category:Proposed coal plants in Assam\"\u003Ehere\u003C/a\u003E\u003C/b\u003E for more information.\n\u003C/p\u003E\u003C/div\u003E","title":"Proposed coal plants in Assam\n","link":"","lat":26.140000000000001,"lon":91.769999999999996,"icon":""},{"text":"\u003Cb\u003E\u003Cdiv class=\"mw-parser-output\"\u003E\u003Cp\u003EProposed coal plants in Bihar\n\u003C/p\u003E\u003C/div\u003E\u003C/b\u003E\u003Cdiv class=\"mw-parser-output\"\u003E\u003Cp\u003EClick \u003Cb\u003E\u003Ca href=\"/Category:Proposed_coal_plants_in_Bihar\" title=\"Category:Proposed coal plants in Bihar\"\u003Ehere\u003C/a\u003E\u003C/b\u003E for more information.\n\u003C/p\u003E\u003C/div\u003E","title":"Proposed coal plants in Bihar\n","link":"","lat":25.370000000000001,"lon":85.129999999999995,"icon":""},{"text":"\u003Cb\u003E\u003Cdiv class=\"mw-parser-output\"\u003E\u003Cp\u003EProposed coal plants in Chhattisgarh\n\u003C/p\u003E\u003C/div\u003E\u003C/b\u003E\u003Cdiv class=\"mw-parser-output\"\u003E\u003Cp\u003EClick \u003Cb\u003E\u003Ca href=\"/Category:Proposed_coal_plants_in_Chhattisgarh\" title=\"Category:Proposed coal plants in Chhattisgarh\"\u003Ehere\u003C/a\u003E\u003C/b\u003E for more information.\n\u003C/p\u003E\u003C/div\u003E","title":"Proposed coal plants in Chhattisgarh\n","link":"","lat":21.27,"lon":81.599999999999994,"icon":""},{"text":"\u003Cb\u003E\u003Cdiv class=\"mw-parser-output\"\u003E\u003Cp\u003EProposed coal plants in Gujarat\n\u003C/p\u003E\u003C/div\u003E\u003C/b\u003E\u003Cdiv class=\"mw-parser-output\"\u003E\u003Cp\u003EClick \u003Cb\u003E\u003Ca href=\"/Category:Proposed_coal_plants_in_Gujarat\" title=\"Category:Proposed coal plants in Gujarat\"\u003Ehere\u003C/a\u003E\u003C/b\u003E for more information.\n\u003C/p\u003E\u003C/div\u003E","title":"Proposed coal plants in Gujarat\n","link":"","lat":23.219999999999999,"lon":72.680000000000007,"icon":""},{"text":"\u003Cb\u003E\u003Cdiv class=\"mw-parser-output\"\u003E\u003Cp\u003EProposed coal plants in Haryana\n\u003C/p\u003E\u003C/div\u003E\u003C/b\u003E\u003Cdiv class=\"mw-parser-output\"\u003E\u003Cp\u003EClick \u003Cb\u003E\u003Ca href=\"/Category:Proposed_coal_plants_in_Haryana\" title=\"Category:Proposed coal plants in Haryana\"\u003Ehere\u003C/a\u003E\u003C/b\u003E for more information.\n\u003C/p\u003E\u003C/div\u003E","title":"Proposed coal plants in Haryana\n","link":"","lat":30.73,"lon":76.780000000000001,"icon":""},{"text":"\u003Cb\u003E\u003Cdiv class=\"mw-parser-output\"\u003E\u003Cp\u003EProposed coal plants in Jharkhand\n\u003C/p\u003E\u003C/div\u003E\u003C/b\u003E\u003Cdiv class=\"mw-parser-output\"\u003E\u003Cp\u003EClick \u003Cb\u003E\u003Ca href=\"/Category:Proposed_coal_plants_in_Jharkhand\" title=\"Category:Proposed coal plants in Jharkhand\"\u003Ehere\u003C/a\u003E\u003C/b\u003E for more information.\n\u003C/p\u003E\u003C/div\u003E","title":"Proposed coal plants in Jharkhand\n","link":"","lat":23.350000000000001,"lon":85.329999999999998,"icon":""},{"text":"\u003Cb\u003E\u003Cdiv class=\"mw-parser-output\"\u003E\u003Cp\u003EProposed coal plants in Karnataka\n\u003C/p\u003E\u003C/div\u003E\u003C/b\u003E\u003Cdiv class=\"mw-parser-output\"\u003E\u003Cp\u003EClick \u003Cb\u003E\u003Ca href=\"/Category:Proposed_coal_plants_in_Karnataka\" title=\"Category:Proposed coal plants in Karnataka\"\u003Ehere\u003C/a\u003E\u003C/b\u003E for more information.\n\u003C/p\u003E\u003C/div\u003E","title":"Proposed coal plants in Karnataka\n","link":"","lat":12.9,"lon":77.560000000000002,"icon":""},{"text":"\u003Cb\u003E\u003Cdiv class=\"mw-parser-output\"\u003E\u003Cp\u003EProposed coal plants in Madhya Pradesh\n\u003C/p\u003E\u003C/div\u003E\u003C/b\u003E\u003Cdiv class=\"mw-parser-output\"\u003E\u003Cp\u003EClick \u003Cb\u003E\u003Ca href=\"/Category:Proposed_coal_plants_in_Madhya_Pradesh\" title=\"Category:Proposed coal plants in Madhya Pradesh\"\u003Ehere\u003C/a\u003E\u003C/b\u003E for more information.\n\u003C/p\u003E\u003C/div\u003E","title":"Proposed coal plants in Madhya Pradesh\n","link":"","lat":22.420000000000002,"lon":72.540000000000006,"icon":""},{"text":"\u003Cb\u003E\u003Cdiv class=\"mw-parser-output\"\u003E\u003Cp\u003EProposed coal plants in Maharashtra\n\u003C/p\u003E\u003C/div\u003E\u003C/b\u003E\u003Cdiv class=\"mw-parser-output\"\u003E\u003Cp\u003EClick \u003Cb\u003E\u003Ca href=\"/Category:Proposed_coal_plants_in_Maharashtra\" title=\"Category:Proposed coal plants in Maharashtra\"\u003Ehere\u003C/a\u003E\u003C/b\u003E for more information.\n\u003C/p\u003E\u003C/div\u003E","title":"Proposed coal plants in Maharashtra\n","link":"","lat":18.960000000000001,"lon":72.819999999999993,"icon":""},{"text":"\u003Cb\u003E\u003Cdiv class=\"mw-parser-output\"\u003E\u003Cp\u003EProposed coal plants in Orissa\n\u003C/p\u003E\u003C/div\u003E\u003C/b\u003E\u003Cdiv class=\"mw-parser-output\"\u003E\u003Cp\u003EClick \u003Cb\u003E\u003Ca href=\"/Category:Proposed_coal_plants_in_Orissa\" title=\"Category:Proposed coal plants in Orissa\"\u003Ehere\u003C/a\u003E\u003C/b\u003E for more information.\n\u003C/p\u003E\u003C/div\u003E","title":"Proposed coal plants in Orissa\n","link":"","lat":20.149999999999999,"lon":85.5,"icon":""},{"text":"\u003Cb\u003E\u003Cdiv class=\"mw-parser-output\"\u003E\u003Cp\u003EProposed coal plants in Punjab\n\u003C/p\u003E\u003C/div\u003E\u003C/b\u003E\u003Cdiv class=\"mw-parser-output\"\u003E\u003Cp\u003EClick \u003Cb\u003E\u003Ca href=\"/Category:Proposed_coal_plants_in_Punjab\" title=\"Category:Proposed coal plants in Punjab\"\u003Ehere\u003C/a\u003E\u003C/b\u003E for more information.\n\u003C/p\u003E\u003C/div\u003E","title":"Proposed coal plants in Punjab\n","link":"","lat":30.789999999999999,"lon":76.780000000000001,"icon":""},{"text":"\u003Cb\u003E\u003Cdiv class=\"mw-parser-output\"\u003E\u003Cp\u003EProposed coal plants in Rajasthan\n\u003C/p\u003E\u003C/div\u003E\u003C/b\u003E\u003Cdiv class=\"mw-parser-output\"\u003E\u003Cp\u003EClick \u003Cb\u003E\u003Ca href=\"/Category:Proposed_coal_plants_in_Rajasthan\" title=\"Category:Proposed coal plants in Rajasthan\"\u003Ehere\u003C/a\u003E\u003C/b\u003E for more information.\n\u003C/p\u003E\u003C/div\u003E","title":"Proposed coal plants in Rajasthan\n","link":"","lat":26.57,"lon":73.840000000000003,"icon":""},{"text":"\u003Cb\u003E\u003Cdiv class=\"mw-parser-output\"\u003E\u003Cp\u003EProposed coal plants in Tamil Nadu\n\u003C/p\u003E\u003C/div\u003E\u003C/b\u003E\u003Cdiv class=\"mw-parser-output\"\u003E\u003Cp\u003EClick \u003Cb\u003E\u003Ca href=\"/Category:Proposed_coal_plants_in_Tamil_Nadu\" title=\"Category:Proposed coal plants in Tamil Nadu\"\u003Ehere\u003C/a\u003E\u003C/b\u003E for more information.\n\u003C/p\u003E\u003C/div\u003E","title":"Proposed coal plants in Tamil Nadu\n","link":"","lat":13.09,"lon":80.269999999999996,"icon":""},{"text":"\u003Cb\u003E\u003Cdiv class=\"mw-parser-output\"\u003E\u003Cp\u003EProposed coal plants in Uttar Pradesh\n\u003C/p\u003E\u003C/div\u003E\u003C/b\u003E\u003Cdiv class=\"mw-parser-output\"\u003E\u003Cp\u003EClick \u003Cb\u003E\u003Ca href=\"/Category:Proposed_coal_plants_in_Uttar_Pradesh\" title=\"Category:Proposed coal plants in Uttar Pradesh\"\u003Ehere\u003C/a\u003E\u003C/b\u003E for more information.\n\u003C/p\u003E\u003C/div\u003E","title":"Proposed coal plants in Uttar Pradesh\n","link":"","lat":26.850000000000001,"lon":80.909999999999997,"icon":""},{"text":"\u003Cb\u003E\u003Cdiv class=\"mw-parser-output\"\u003E\u003Cp\u003EProposed coal plants in West Bengal\n\u003C/p\u003E\u003C/div\u003E\u003C/b\u003E\u003Cdiv class=\"mw-parser-output\"\u003E\u003Cp\u003EClick \u003Cb\u003E\u003Ca href=\"/Category:Proposed_coal_plants_in_West_Bengal\" title=\"Category:Proposed coal plants in West Bengal\"\u003Ehere\u003C/a\u003E\u003C/b\u003E for more information.\n\u003C/p\u003E\u003C/div\u003E","title":"Proposed coal plants in West Bengal\n","link":"","lat":22.57,"lon":88.269999999999996,"icon":""}]}