The undated satellite photo below shows the plant.[1] The location is about 10 km north-northwest of Ghansore in the Seoni district of Madhya Pradesh.[2]
The power station is sponsored by Jhabua Power of Avantha Power and Infrastructure. In July 2015, it was reported that Avantha was burdened with debt and looking to sell assets to raise cash. The private-equity arm of the Industrial Credit and Investment Corporation of India Bank, along with Tata Power, were in advanced talks to acquire phase I (600 MW) and phase II (600 MW) of Avantha's Seoni project.[3]
However, talks for a third party to acquire Avantha's debt fell through. In November 2018, Avantha offered to pay Rs 24.30 billion to lenders to escape insolvency proceedings for its Seoni plant. The plant is being put up for sale.[4] The plant is one of the country's 34 stressed, non-performing power assets.[5]
Phase 1
Phase 1 of the project is a 600 MW subcritical unit.[2][6] According to a timeline posted on the Avantha website, construction began in April 2011 and was ongoing in May 2013.[7]
In 2012 it was reported that construction of unit 1 was facing delays due to opposition from local residents "right from the beginning." The project had resistance from farmers over land acquisition, who have alleged inadequate compensation and high handedness by the plant authorities, leading to protests.[8]
According to the EIA for phase II in May 2013, Unit 1 was still under construction.[9]
According to the India Ministry of Power (March 2015), unit 1 is planned for commissioning in December 2015,[10] later pushed to March 2016.[11]
In January 2010, a financing agreement for Phase I was closed. Axis Bank, Bank of India, State Bank of India, Bank of India, UCO Bank, Life Insurance Corp of India, Corporation Bank, Punjab National Bank, United Bank of India, and Oriental Bank of Commerce agreed to provide US$466.5 million in loans.[13]
Phase 2
Phase 2 of the project is a 600 MW supercritical unit. The sponsor was soliciting bids for this phase in February 2012.[2]
Phase II received environmental clearance in August 2014,[14][3] which was extended to Jhabua Power in February 2016.[15]
As of May 2020, there is no estimated date for completion of phase II, and it is not listed as under construction.[16] It is likely cancelled due to the sponsor's financial problems.
Ownership
In January 2020, NTPC outbid the Adani Group for Avantha Group’s 600 MW Jhabua plant, with a Rs 1,900-crore offer. Avantha Group owes more than Rs 5,000 crore to lenders, and is undergoing bankruptcy proceedings. Avantha Group could recover 38% of their loans if they accept the NTPC offer.[17]
Project Details
Sponsor:Jhabua Power Parent company:Avantha Power and Infrastructure Location: Barela and Gorakhpur villages, about 10 km north-northwest of Ghansore in the Seoni district of Madhya Pradesh, India Coordinates: 22.7354787, 79.9123406 (exact) Status:
Start year: 2016 (Unit 1) Coal Type: Coal Source: Estimated annual CO2: Source of financing: phase I: US$466.5 million in debt from Axis Bank, Bank of India, State Bank of India, Bank of India, UCO Bank, Life Insurance Corp of India, Corporation Bank, Punjab National Bank, United Bank of India, and Oriental Bank of Commerce[13] Permits and applications:
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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":""}]}
