Buxar Thermal Power Station

From Global Energy Monitor

The Buxar Thermal Power Station is a proposed 1,320-megawatt MW coal-fired power station in Bihar, India which has been promoted by the Buxar Bijlee Company.

Location

The map below shows the location of the project according to the EIA.[1]

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Background

The Buxar Bijlee Company has been formed by Bihar Power Infrastructure Company Ltd, a company formed as a joint venture between the government-owned Bihar State Electricity Board and Infrastructure Leasing & Financial Services Limited IL&FS to process private sector bids to build the power station. In 2013, Buxar Bijlee Company was acquired by SJVN Limited.

The Buxar Thermal Power Station is one of three major power projects being promoted by the government of Bihar to supply more power for the state's electrical grid. BSEB states that the project is scheduled to be commissioned in 2015-16.[2]

On its website the BSEB states that the project will require 6.25 million tonnes of coal a year, with a source yet to be allocated. BSEB also states that in September 2010 consent was given for the supply of 55 Cusec from the Ganga River.[2]

A 2011 Asian Development Bank review of Bihar power projects states of the Buxar Thermal Power Station only that the project has had "Survey –Completed".[3]

On January 17, 2013, SJVN Limited signed an MoU with Bihar State Power (Holding) Company Limited & Bihar Power Infrastructure Company Limited for the take-over of Buxar Bijlee Company and development of the 1,320 MW Buxar plant.[4]

In April 2016, SJVN Limited requested environmental clearance for the proposed coal plant.[4]

In June 2016, SJVN Limited was issued a new terms of reference for the project.[5]

In October 2016, the EIA for the project was submitted and in November the project was cleared by the MoEF for consideration of an Environmental Clearance.[1]

Environmental clearance was granted on February 28, 2017.[6] In November 2018, the Union Minister directed officials to expedite the plant's investment approval.[7] Excavation work began in 2019.[8]

In 2019, IEEFA described the describes the asset as "stranded due to promotor inexperience in thermal power, the high cost of new emissions-compliant coal plants, and the inability to find lenders whilst the banks are weighed down with nonperforming assets".[9]

Construction began in October 2020.[10] Commissioning is planned for 2023-2024.[11] The engineering, procurement, and construction contract was awarded to the Indian company Larsen & Toubro.[12]

Impacts

The project is located less than 0.5 km from the village of Banarpur, and is also within 1 km of other villages, including Chausa Gola, Khilaphatpur, and Nyaipur. According to the EIA, there are 257,103 people living within 10 km of the project, of whom 40.3% are categorized as Below Poverty Line.[1]

Coal block

In 2013 the India Ministry of Coal allocated Deocha Pachami coal block in West Bengal to SJVN for the power station. SJVN is also exploring imported coal.[13]

In January 2015 SJVN signed a JV agreement with six state power generating companies belonging to West Bengal, Bihar, Uttar Pradesh, Punjab, Karnataka and Tamil Nadu for formation of a JV company for mining coal from Deocha Pachami-Dewanganj Horisingha Coal Block located in Birbhum district of West Bengal State. The coal mined from the block would feed to the 1320 MW supercritical thermal power project of SJVN Thermal at Buxar, Bihar.[14]

Financing

In November 2020, two Indian state-owned enterprises, Power Finance Corporation and Rural Electrification Corporation, Ltd., announced that they were providing Rs 85.2 billion in funding for the Buxar Thermal power station, equivalent to approximately US$1.14 billion.[15] Financial close was reached on November 26, 2020. Power Finance Corporation and Rural Electrification Corporation, Ltd., will each cover half of the Rs 85.2 billion in loans.[16]

Project Details

Sponsor: SJVN Limited
Location: Chausa village, Buxa district, Bihar
Coordinates: 25.4733432, 83.8793278 (exact)
Status: Construction
Nameplate capacity: 1,320 MW (Units 1&2: 660 MW) Type: Supercritical
Start year: 2023-2024
Coal Type:
Coal Source: Deocha Pachami coal block, for the first four years until coal linkage imported coal sourced from MMTC Ltd. will be utilized[1]
Estimated annual CO2:
Source of financing: US$1.14 billion in loans from Power Finance Corporation and Rural Electrification Corporation, Ltd.(US$570 million each)
Permit and applications: Terms of reference, India MoEF, June 7, 2016; Environmental clearance, India MoEF, Feb 28, 2017

Resources and articles

Related GEM.wiki articles

References

  1. 1.0 1.1 1.2 1.3 "Environmental Impact Assessment Study Report For Proposed 2x660 MW Buxar Thermal Power Project near Chausa, Buxar District, Bihar State," SJVN Thermal Private Limited, October 2016
  2. 2.0 2.1 Bihar State Electricity Board, "New Projects", Bihar State Electricity Board website, accessed November 2011.
  3. "TACR: India: Developing the Power System Master Plan for Bihar", Asian Development Bank, March 2011, page 284. (Pdf)
  4. 4.0 4.1 "Environment Clearance for STPL's Buxar Thermal Power Project (BTPP 1320 MW) in the state of Bihar," SJVN, Apr 7, 2016
  5. Terms of reference, India MoEF, June 7, 2016
  6. Environmental clearance, India MoEF, Feb 28, 2017
  7. "Power Minister reviews Buxar thermal power project," Times of India, November 22, 2018
  8. India Broad Status, India CEA, April 2020
  9. "Seriously Stressed and Stranded The Burden of Non-Performing Assets in India's Thermal Power Sector" (PDF). IEEFA. December 2019.
  10. "SJVN starts work for 1320 MW Buxar thermal power plant". The Statesman. 2020-10-22. Retrieved 2020-11-21.
  11. "Broad Status of Thermal Power Plants," India Central Electricity Authority, April 2021
  12. L&T bags 2x660 MW power mega project order in Bihar, ANI News, June 24, 2019
  13. "Buxar Thermal Power Project (1320 MW)," SJVN Limited, Apr 18, 2013.
  14. "SJVN to get 162 mln tonne coal for Buxar project - Mr Sharma," Steel Guru, Jan 11, 2015
  15. PFC, REC to provide Rs 8,520 cr loan to SJVN's power project in Bihar, The Economic Times, November 26, 2020
  16. SJVN achieves financial closure for 1320 MW Buxar Thermal Power Project, Business Standard, Nov. 27, 2020
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