Raigarh TRN Power Project

From Global Energy Monitor

The Raigarh Power Project (also known as Nawapara, Navapura, or Nawapura) is a 600-megawatt (MW) coal-fired power station in Chhattisgarh, India.

Location

The undated satellite photo below shows the power station in Nawapara village, Raigarh district.

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Background

The project is sponsored by ACB (India) Ltd. On its website, in 2011, the company stated that the first 300MW unit would be commissioned is September 2013 and the second unit in December 2013. The proposed power station would be located at Nawapara Village in the Raigarh district, Chhattisgarh in India.[1]

The project has received environmental clearance and has made an agreement with South Eastern Coalfields Ltd for coal. In November 2011, the engineering, procurement, and construction (EPC) contract was awarded to BGR Energy Systems.[2]

A 2013 ACB (India) report lists the plant as under construction and planned for commissioning in FY 2014-5. The report states 390 MW will be sold to PTC India through a long term PPA. About 5% of the power will be sold to Chhattisgarh state power utility.[3]

The company's website states that the proposed commissioning date of the first unit is March 2015 and the second unit September 2015,[4] later moved to December 2015 and June 2016,[5] then February 2016 and September 2016,[6] then July 2016 and January 2017.[7]

Unit 1 was commissioned in August 2016[8] and unit 2 in April 2017.[9]

Financing

In March 2014, a financing agreement for the project was closed. US$377.65 million in loans was provided by Axis Bank, Bank of Baroda, Bank of Maharashtra, Central Bank of India, Indian Overseas Bank, and Rural Electrification Corporation. US$94.57 million in equity was provided by ACB (India) Ltd and Jain Group.[10]

Project Details

Sponsor: TRN Energy Private Limited, a subsidiary of ACB (India)
Location: Nawapara village, Raigarh district, Chhattisgarh
Coordinates: 21.9202851, 83.2790108 (exact)
Status: Operating
Capacity: 600 MW (2 x 300 MW)
Type:
In service: Unit 1: 2016, Unit 2: 2017
Coal Type:
Coal Source: South Eastern Coalfields Ltd[2]
Estimated annual CO2:
Source of financing: US$377.65 million in debt from Axis Bank, Bank of Baroda, Bank of Maharashtra, Central Bank of India, Indian Overseas Bank, and Rural Electrification Corporation; US$94.57 million in equity from ACB (India) Ltd and Jain Group[10]
Permits: Environmental clearance, India MoEF, March 18, 2011

Resources and articles

References

  1. ACB India, "600 MW Power Plant, Raigarh, Chhattisgarh", ACB (India) website, accessed November 2011.
  2. 2.0 2.1 "BGR to construct Nawapara plant," Project Monitor, November 11, 2011
  3. Investment report, ACB (India) Limited, Jan 30, 2013
  4. ACB India, "600 MW Power Plant, Raigarh, Chhattisgarh", ACB (India) website, accessed March 2015
  5. ACB India, "600 MW Power Plant, Raigarh, Chhattisgarh", ACB (India) website, accessed Sep 2016
  6. "Monthly Report on Broad Status of Thermal Power Projects in the Country," Government of India Ministry of Power, November 2015
  7. "Monthly Report on Broad Status of Thermal Power Projects in the Country," Government of India Ministry of Power, March 2016
  8. "Monthly Report on Broad Status of Thermal Power Projects in the Country," Government of India Ministry of Power, July 2016
  9. "Monthly Report on Broad Status of Thermal Power Projects in the Country," Government of India Ministry of Power, November 2016
  10. 10.0 10.1 "Preview of Nawapara Thermal Power Plant Refinancing 2014 (600MW) | Transaction | IJGlobal". ijglobal.com. Retrieved 2020-10-23.

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