Cuttack KVK Nilachal power station
Cuttack power station (KVK Nilachal) is a proposed 1050-megawatt (MW) coal plant in Odisha, India.
The map below shows the construction site near Kandarei village, west of Cuttack.
Construction on the project was halted in 2012, when the Cuttack High Court imposed an interim stay on grounds of violation of wildlife protection laws. In March 2014 the Odisha government urged the Union Ministry of Environment & Forests (MoEF) to grant wildlife clearance for the project.
As shown on Google Earth, structural work was proceeding on the first unit as of April 9, 2012, but was frozen at that point. Other units had not entered construction.
In May 2015 the Odisha government said it was considering extending the MoU of KVK Nilachal, as litigation had impeded the pace of the project's progress.
According to the India government in March 2016, unit 1 has resumed construction and is planned for operation in 2018-2019. Units 2-3 are "uncertain." According to the July 2016 Broad Status report, "No work is under progress presently."
According to the March 2017 Broad Status report, "No work is under progress presently." The report shows that expenditure on the project peaked in FY 2011-12 at Rs75,226 lakhs, dropping to Rs 15,740 lakhs in 2012-13, 5,847 lakhs in 2013-14, and 6,000 lakhs in 2014-15.
For examples of other stalled coal projects in India, see Troubled Indian Coal Plant Construction Sites.
Financing for Phase I
The company has achieved financial closure for the first 350-MW unit (phase I) of the project. A group of four lenders, including Power Finance Corporation and Punjab National Bank, has agreed to lend US$146,413,183. KVK Energy will invest US$69,138,088 in equity in the project.
Location: Kandarei village, Althagarh taluk, Cuttack district, Odisha
Coordinates: 20.5870974, 85.742653 (exact)
Status: Unit 1: Shelved (Construction on hold); Units 2 and 3: Cancelled
Capacity: 1050 MW
- Phase I, Unit 1: 350 MW
- Phase II, Unit 1: 350 MW
- Phase II, Unit 2: 350 MW
Projected in service:
Estimated annual CO2:
Source of financing: phase I: US$146,413,183 in debt from a group of four lenders, including Power Finance Corporation and Punjab National Bank; US$69,138,088 in equity from KVK Energy
Permits and applications: Environmental Clearance, India MoEF, Feb 18, 2009
Resources and articles
Related GEM.wiki articles
- "Current Projects," KVK website, accessed February 2012
- "Odisha nudges MoEF for wildlife nod to KVK Nilachal's project," Business Standard, March 19, 2014.
- "Odisha not to extend MoUs of 11 IPPs," Business Standard, May 11, 2015
- "Monthly Report on Broad Status of Thermal Power Projects in the Country," Government of India Ministry of Power, March 2016
- "Monthly Report on Broad Status of Thermal Power Projects in the Country," Government of India Ministry of Power, July 2016
- "Maytas out of 1,050-Mw power project in Orissa". www.rediff.com. Retrieved 2020-09-29.