Paradip power plant

From Global Energy Monitor

Paradip power plan is a 60-megawatt (MW) captive coal-fired power station in Odisha, India.

Location

The photo below shows the power station in Paradip village.

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Background

According to project proponent Essar Energy, the power station will comprise four 30 MW units and supply power to Essar Steel. As of May 2014, the project is under construction.[1]

The first unit was commissioned in February 2015.[2]

The second unit was completed in September 2016.[3]

In August 2017, it was reported that Essar was developing the remaining 2×30 MW units of the 120 MW Paradip power project.[4] However, as of January 2020, there have been no further developments, and the expansion appears to be suspended or cancelled.

Financing

In September 2010, a financing agreement for this units 1-4 was closed. US$112.37 million in loans was provided by Yes Bank and Infrastructure Development Finance Company. US$37.44 million in equity was provided by Essar Group.[5]

Project Details

Sponsor: Essar Energy
Location: Paradip village, Jagatsinghpur district, Odisha
Coordinates: 20.3122104, 86.6458292 (exact)
Status: Unit 1: Operating (2015); Unit 2: Operating (2016); Units 3-4: Shelved
Nameplate capacity: 120 MW (Units 1-4: 30 MW)
Type: Subcritical
Projected in service:
Coal Type:
Coal Source: Imported[1]
Estimated annual CO2:
Source of financing: US$112.37 million in debt from Yes Bank and Infrastructure Development Finance Company; US$37.44 million in equity from Essar Group[5]

Resources and articles

Related GEM.wiki articles

References

  1. 1.0 1.1 "Power," Essar Energy website, accessed May 2014
  2. "New projects", Essar Energy website, accessed April 2015
  3. "Essar Power completes phase I of Paradip project," Business Line, September 30, 2016
  4. "Essar Power MP stabilises Unit II of 2x600 MW Mahan power plant," Essar, Aug 11, 2017
  5. 5.0 5.1 "Preview of Paradip Power Plant (120MW) | Transaction | IJGlobal". ijglobal.com. Retrieved 2020-10-22.
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