SV Power was described in November 2011 by the ratings agency Fitch as having been set up "by the Hyderabad-based KVK group to implement a project consisting of a 2.5mtpa coal washery and a 63MW washery reject-based power plant".
On its website KVK states that "a coal and coal reject based power project with a capacity of 2*150 MW to be expanded at the project site located at Renki village, Korba District, Chhattisgarh State. The land acquisition has been completed and has applied for the MoEF Approval and Fuel Linkage from South Eastern Coalfields Ltd . The State of Chhattisgarh shall be the beneficiary of 30% of the power generated and 70% to be sold to Merchant Basis. The Phase II of the power project with a capacity of 300 MW is planned to be commissioned in the XIIth Five Year Plan." (The 12th Five Year Plan is 2012-2017).
Resources and articles
Related GEM.wiki articles
- Topworth Group, "Fitch rates SV Power's bank loans at 'Fitch BB-(ind)'/stable", Reuters, November 29, 2011.
- "Future Projects", KVK website, accessed February 2012.