Lalitpur power project

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The Lalitpur power project is a 1,980 MW coal plant in Uttar Pradesh, India.

A phase II of an additional 1,980 MW is proposed.

Location

The photo below shows the plant in Mirchwara and Buraugaon villages, Mahroni taluk.

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Background

The project is proposed by Bajaj Hindusthan (BHL), a part of the largest Indian sugar and ethanol manufacturing company, the Bajaj Group. In April 2010 the Uttar Pradesh Power Corporation (now Lalitpur Power Generation Company Limited) announced that it had signed a Memorandum of Understanding with Bajaj Hindustan. Under the deal Bajaj would build the plant and sell 90% of the power to the state-owned utility, and stated that the scheduled commissioning date is 2014.[1]

In February 2013, it was reported that Bajaj Hindusthan Ltd had decided to withdraw from its Bargarh power station in Uttar Pradesh following land acquisition related problems. The Bajaj Group said it might consider shifting the Bargarh project as an extension of its Lalitpur power project, which was under construction.[2]

The first unit was commissioned in June 2015. Unit 2 was commissioned in January 2016.[3][4] Unit 3 was commissioned in 2016.[5]

Financing for Phase I (Units 1-3)

In September 2011, a financing agreement for Phase I was closed. US$1.9 billion in loans was provided by IDBI Bank, SBI Capital, Allahabad Bank, Bank of Baroda, Bank of India, Canara Bank, Central Bank of India, Federal Bank, Indian Overseas Bank, Oriental Bank of Commerce, PTC India Financial Services, Punjab National Bank, Punjab & Sind Bank, State Bank of Bikaner & Jaipur, State Bank of Hyderabad, State Bank of Patiala, UCO Bank, Union Bank and United Bank of India.[6]

In January 2015, an additional financing agreement for Phase I was closed. US$194.44 million in loans was provided by the State Bank of India.[7]

In June 2015, a third financing agreement was closed to support the cost overrun requirements of phase I. US$637.09 million in loans was provided by State Bank of India, Corporation Bank, Punjab National Bank, Bank of Baroda, Central Bank of India, Bank of India, IDBI Bank, Union Bank of India, Bank of Maharashtra, United Bank of India, and India Infrastructure Finance Company. SBI Capital Markets served as the financial adviser to the sponsor.[8]

Ownership

The project is owned by Lalitpur Power Generation Company Ltd, which is owned by the Indian conglomerate Bajaj Group.[9] In March 2017, Bajaj Hindusthan Sugar Ltd sold its existing 450 MW cogeneration power capacity (power business) to Lalitpur Power Generation Company Ltd.[10]

Proposed expansion

In 2016, Lalitpur Power Generation Company Limited released a pre-feasibility report to expand the power station by an additional 3 x 660 MW. It would be at the same location, be supercritical, and use domestic coal.[11] A terms of reference was issued in December 2016.[12]

The expansion was again awarded a terms of reference on February 19, 2020, meaning it can carry out an EIA.[13]

Project Details of Phase I (units 1-3)

  • Sponsor: Lalitpur Power Generation Co. Ltd.
  • Parent: Bajaj Hindusthan, owned by Bajaj Group
  • Location: Mirchwara and Buraugaon villages, Mahroni taluk, Lalitpur district, Uttar Pradesh
  • Coordinates: 24.795833, 78.646944 (exact)
  • Status: Operating
  • Capacity: 1,980 MW (Units 1-3: 660 MW)
  • Type:
  • In service: 2016
  • Coal Type: Domestic
  • Coal Source:
  • Estimated annual CO2:
  • Source of financing: US$1.9 billion in debt from IDBI Bank, SBI Capital, Allahabad Bank, Bank of Baroda, Bank of India, Canara Bank, Central Bank of India, Federal Bank, Indian Overseas Bank, Oriental Bank of Commerce, PTC India Financial Services, Punjab National Bank, Punjab & Sind Bank, State Bank of Bikaner & Jaipur, State Bank of Hyderabad, State Bank of Patiala, UCO Bank, Union Bank and United Bank of India;[6] US$194.44 million debt from the State Bank of India;[7] US$637.09 million debt from State Bank of India, Corporation Bank, Punjab National Bank, Bank of Baroda, Central Bank of India, Bank of India, IDBI Bank, Union Bank of India, Bank of Maharashtra, United Bank of India, and India Infrastructure Finance Company[8]
  • Permits and applications: Environmental Clearance, India MoEF, March 31, 2011; Environmental Clearance Amendment, India MoEF, May 20, 2014

Project Details of Phase II (units 4-6)

Articles and Resources

Sources

  1. "Deal inked, Lalitpur power project finally on track", Indian Express.com, April 23 2010.
  2. " Uttar Pradesh loses one more IPP project," Em News Bureau, February 17, 2013.
  3. "Bajaj Group commissions 660 MW power plant at Lalitpur, UP," Press Trust of India, June 9, 2015
  4. "BHEL commissions second 660 MW supercritical thermal unit in Uttar Pradesh," Economic Times, January 18, 2016
  5. "Monthly Report on Broad Status of Thermal Power Projects in the Country," Government of India Ministry of Power, March 2016
  6. 6.0 6.1 "Lalitpur Power signed | News | IJGlobal". ijglobal.com. Retrieved 2020-10-20.
  7. 7.0 7.1 "Preview of Lalitpur Coal-Fired Power Plant Additional Facility 2015 (1980MW) | Transaction | IJGlobal". ijglobal.com. Retrieved 2020-10-20.
  8. 8.0 8.1 "Preview of Lalitpur Power Project Cost Overrun Financing | Transaction | IJGlobal". ijglobal.com. Retrieved 2020-10-20.
  9. "Lalitpur Power Generation Company Limited," company website, accessed June 2017
  10. "Bajaj Hindusthan to sell power business for Rs 1,227 crore to group firm," Indian Express, 22 March 2017
  11. Pre-feasibility report, Lalitpur Power Generation Company Limited, 2016
  12. Terms of Reference, India MoEF, Dec 9, 2016
  13. Terms of Reference, India MoEF, February 19, 2020

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