Butibori Power Project

From Global Energy Monitor

Butibori Power Project is a 600 megawatt (MW) coal-fired power station in Maharashtra, India.

Location

The map below shows the location of the project in Buti Bori, on the western end of the Maharashtra Industrial Development Corporation (MIDC) area at Butibori, located south of Nagpur city. Note that the MIDC area at Butibori has been described as the largest industrial zone in Asia.[1]

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Background

The project is sponsored by Vidarbha Industries Power Limited (VIPL), a "special purpose vehicle" and a subsidiary of Reliance Power. Reliance states that 51% of the power from the first 300MW unit will be supplied to the industrial consumers, with the remainder sold on contract.[2][3]

According to Reliance, coal for the project would be "supplied by Western Coalfields Limited (WCL) and would be transported by the Railways. The water requirements for the power plant have been allocated from Vadgaon (Wadgaon) Dam on the Vena River in the Nagpur District."[2]

Reliance Power started developing the plant in 2009. The first phase of 300 MW began operations in August 2012 and second phase of 300 MW began operations in January 2013. One unit will be a group captive plant and the other unit an Independent Power Project (IPP).[4]

The company received a terms of reference toward an additional unit of 300 MW in October 2011, described as Phase III.[5] However, as of May 2016 the unit has not received environmental clearance, and appears to have been abandoned.

Financing for Unit I

In July 2009, a financing agreement for phase II (unit 1) was closed. US$313.69 million in loans will be provided South Indian Bank, State Bank of India, Life Insurance Corporation of India, Dena Bank, Allahabad Bank, Karur Vysya Bank, Corporation Bank, Syndicate Bank, United Bank of India, Union Bank of India, Axis Bank, and Uco Bank. US$78.42 million in equity will be provided by Reliance Power.[6]

Financing for Unit II

In May 2012, a financing agreement for phase II (unit 2) was closed. US$518.99 million in loans will be provided by Axis Bank, Allahabad Bank, Dena Bank, Uco Bank, South Indian Bank, Syndicate Bank, State Bank of Hyderabad, Union Bank of India, Yes Bank, PTC India, State Bank of India, United Bank of India, Corporation Bank, Karur Vysya Bank, and State Bank of Travancore.[7]

Project Details

Sponsor: Vidarbha Industries Power Limited (VIPL), a subsidiary of Reliance Power
Location: Butibori village, Hingna taluk, Nagpur district, Maharashtra
Coordinates: 20.928591, 78.933281 (exact)
Status:

  • Units 1 & 2: Operating
  • Unit 3: Cancelled

Nameplate capacity: 600 MW (Units 1&2: 300 MW)
Type: Subcritical
Coal Type:
Coal Source:
Estimated annual CO2:
Source of financing: Unit I: US$313.69 million in debt from South Indian Bank, State Bank of India, Life Insurance Corporation of India, Dena Bank, Allahabad Bank, Karur Vysya Bank, Corporation Bank, Syndicate Bank, United Bank of India, Union Bank of India, Axis Bank, and Uco Bank. US$78.42 million in equity from Reliance Power.[6] Unit II: US$518.99 million in debt from Axis Bank, Allahabad Bank, Dena Bank, Uco Bank, South Indian Bank, Syndicate Bank, State Bank of Hyderabad, Union Bank of India, Yes Bank, PTC India, State Bank of India, United Bank of India, Corporation Bank, Karur Vysya Bank, and State Bank of Travancore[7]
Permits and applications:

Resources

References

  1. "Butibori MIDC"," wikimapia, accessed October 2013
  2. 2.0 2.1 "Butibori Power Project", Reliance Power website, accessed May 2011.
  3. Monthly Report on Broad Status of Thermal Power Projects in the Country, Central Electricity Authority, August 2013
  4. "Reliance Power's Butibori thermal plant starts power generation," The Economic Times, January 3, 2013
  5. Terms of Reference, India MoEF, October 27, 2011.
  6. 6.0 6.1 "Preview of Butibori Coal-fired Power Plant Phase I (600MW) | Transaction | IJGlobal". ijglobal.com. Retrieved 2020-09-29.
  7. 7.0 7.1 "Preview of Butibori Coal-fired Power Plant Phase II (600MW) | Transaction | IJGlobal". ijglobal.com. Retrieved 2020-09-28.

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