Muthukur Mandal power station (Painampuram)

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Muthukur Mandal power station (Painampuram) is an operating power station of at least 1320-megawatts (MW) in Painampuram & Sivarampuram, Muthukur, Nellore, Andhra Pradesh, India. It is also known as SGPL Power Project; Sembcorp Gayatri Power Complex.

Location

Table 1: Project-level location details

Plant name Location Coordinates (WGS 84)
Muthukur Mandal power station (Painampuram) Painampuram & Sivarampuram, Muthukur, Nellore, Andhra Pradesh, India 14.351195, 80.143086 (exact)

The map below shows the exact location of the power station.

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Unit-level coordinates (WGS 84):

  • Unit 1, Unit 2: 14.351195, 80.143086

Project Details

Table 2: Unit-level details

Unit name Status Fuel(s) Capacity (MW) Technology Start year Retired year
Unit 1 operating coal - unknown 660 supercritical 2016
Unit 2 operating coal - unknown 660 supercritical 2017

Table 3: Unit-level ownership and operator details

Unit name Owner
Unit 1 Sembcorp Energy India Ltd [100.0%]
Unit 2 Sembcorp Energy India Ltd [100.0%]

Project-level coal details

  • Coal source(s): Imported from Indonesia
  • Permit(s): September 30, 2010 – Environmental Clearance

Financing

Source of financing:

Background

Muthukur Mandal and the Bander power station are together known as the Sembcorp Gayatri Power Complex.[1][2]

Muthukur Mandal power station is a 1320 megawatt (MW) coal plant proposed by Nelcast Energy Corporation Ltd. It was granted environmental clearance in September 2010.[3]

In January 2011, infrastructure company Nagarjuna Construction Co. (NCC) acquired 55% equity in Nelcast Energy Corporation. NCC was trying to set up the Nagarjuna Construction Company Sompeta Thermal Plant, but said it had given up plans for the Sompeta plant and would transfer approvals for it to the plant being built by Nelcast Energy.[4]

Compliance conditions of the EC were approved in 2013.[5] Construction began in 2014.[6] The power station is expected to begin operating by June 2016.[7][8]

The units were synchronized in 2016. Unit 1 is planned for commercial operation in November 2016, and unit 2 in March 2017.[9]

Unit 1 was commissioned in December 2016 and unit 2 in February 2017.[10]

The plant allegedly controls emissions using an electrostatic precipitator followed by bag filter.[3]

Ownership

In February 2014, SembCorp Industries purchased a 45% stake in the Muthukur Mandal Power Station.[11] SembCorp later increased its ownership share to 49%. The remaining 51% is held by NCC Infrastructure, which is jointly owned by Hyderabad-based NCC Limited and Gayatri Projects.[12] Sembcorp also owns a controlling stake in the nearby Bander power station.

In September 2022, Sembcorp Industries agreed to sell the power station to Oman-based Tanweer Infrastructure for INR117bn ($1.46bn). In this connection, Sembcorp Industries’ fully-owned subsidiary Sembcorp Utilities signed a share purchase agreement with Tanweer Infrastructure to sell Sembcorp Energy India (SEIL), which was the holding company for the two power plants. Tanweer Infrastructure would become the lone shareholder of SEIL on completion of the deal. The former was indirectly owned by a consortium led by Oman Investment Corporation in partnership with the Omani Ministry of Defence Pension Fund and Dar Investment SPC.[13]

By November 2022, shareholders in Sembcorp Industries had approved the sale. The deal allowed the Singapore-based company to avoid higher interest payments on its green debt even as it retains liabilities in the polluting assets. It was described as one of the first examples of a green bond issuer effectively changing the premise on which it has been issued, by shifting a high-carbon asset off balance sheet while continuing to finance it.[14]

Articles and Resources

References

  1. "Sembcorp launches 2,640MW power project in Nellore," Hindu Business Line, Feb 27, 2016
  2. "Sembcorp Utilities in India," Sembcorp, accessed March 2016
  3. 3.0 3.1 "Coal Based Thermal Plant by Nelcast Energy Corporation Ltd," Thermal MoEF News, July 13, 2011
  4. "Nagarjuna junks Sompeta plan, buys Nelcast stake," Daily News and Analysis, Jan 19, 2011
  5. "Projects," NCC Power Projects Limited, accessed August 2014.
  6. "Tower Power," Construction World, Sep 2014
  7. "Note on project delay," India MoEF, March 4, 2016
  8. "Sembcorp launches 2,640MW power project in Nellore," Hindu Business Line, Feb 27, 2016
  9. "Monthly Report on Broad Status of Thermal Power Projects in the Country," Government of India Ministry of Power, October 2016
  10. "Monthly Report on Broad Status of Thermal Power Projects in the Country," Government of India Ministry of Power, March 2017
  11. Acquisition of stake in the 1320MW NCC Power Projects, IJGlobal, Apr. 28, 2015
  12. [https://www.business-standard.com/article/companies/sembcorp-launches-2-640-mw-thermal-power-complex-in-andhra-116022700508_1.html Sembcorp launches 2,640 MW thermal power complex in Andhra], Business Standard, Feb. 27, 2016
  13. "Sembcorp to sell 2.6GW coal-fired power plants in India for $1.5bn," NS Energy Business, September 6, 2022
  14. "Sembcorp coal deal raises concerns about distortions in green bonds," Financial Times, November 8, 2022

Additional data

To access additional data, including an interactive map of coal-fired power stations, a downloadable dataset, and summary data, please visit the Global Coal Plant Tracker on the Global Energy Monitor website.