Thoothukudi IBPGL power station

From Global Energy Monitor
Part of the
Global Coal Plant Tracker,
a Global Energy Monitor project.
Download full dataset
Report an error
Related coal trackers:

Thoothukudi IBPGL power station is a mothballed power station in Pudurpandiapuram, Ottapidaram, Thoothukudi, Tamil Nadu, India.

Location

Table 1: Project-level location details

Plant name Location Coordinates (WGS 84)
Thoothukudi IBPGL power station Pudurpandiapuram, Ottapidaram, Thoothukudi, Tamil Nadu, India 8.864947, 78.106989 (exact)
Loading map...

Unit-level coordinates (WGS 84):

  • Unit 1, Unit 2, Unit 3: 8.864947, 78.106989

Project Details

Table 2: Unit-level details

Unit name Status Fuel(s) Capacity (MW) Technology Start year
Unit 1 Mothballed coal: unknown 63 subcritical 2010
Unit 2 Mothballed coal: unknown 63 subcritical 2010
Unit 3 Mothballed coal: unknown 63 subcritical 2010

Table 3: Unit-level ownership and operator details

Unit name Owner Parent
Unit 1 Ind-Barath Energy (Utkal) Ltd [100%] JSW Energy Ltd [95.0%]; unknown [5.0%]
Unit 2 Ind-Barath Energy (Utkal) Ltd [100%] JSW Energy Ltd [95.0%]; unknown [5.0%]
Unit 3 Ind-Barath Energy (Utkal) Ltd [100%] JSW Energy Ltd [95.0%]; unknown [5.0%]

Project-level coal details

  • Coal source(s): Indonesia

Financing

Source of financing:

Background

The power station is not to be confused with the Thoothukudi IBTPL power station (Ind-Barath Thermal Power Limited).[1]

The power station (2 x 63 MW) was commissioned in February 2010. The project is sponsored by Ind-Barath Power Gencom Limited (IBPGL), a subsidiary of Ind-Barath Infra Group. A third unit of 63 MW was added in July 2010.[2][3]

Liquidation

According to a January 2022 liquidation proceeding document, "[d]ue to challenges in fuel supply (low power off-take), surmounting receivables from TANGEDCO (due to financial stress faced by it) and subsequent cancellation of PPA, IBPGL stopped operations of the plant in June 2017." IBPGL was a subsidiary of Ind-Barath Power Infra Limited (IBPIL), the flagship company of the Ind-Barath Group. IBPIL owned 70.69% shares in the company while 29.26% shares were held by Group Captive Consumers and 0.05% shares by by promoter group.[4]

Related documents were available on the company's liquidation website.

In June 2022, Adani and Jindal Power (JPL) were reportedly in the race to acquire Ind-Barath Thermal Power in a bankruptcy auction. Interest in distressed power companies recently increased due to a shortage of power supply and the government nudge to state-owned banks to finance them.[5]

Articles and Resources

References

  1. "IBPIL," Plants in Operation, accessed January 2022
  2. "Ind-Barath Power Infra Limited," Draft Red Herring, June 21, 2010, p. 176, 234, 428
  3. "Ind-Barath Power Gencom Ltd." Ind-Barath Infra Group presentation, slide 15, accessed August 2014
  4. "Invitation for Bids for sale of Ind-Barath Power Gencom Limited (In Liquidation)," Issued by Rajesh Chillale, Liquidator, January 20, 2022
  5. "Adani, Jindal Power Cos in Race to Buy Ind-Barath Thermal," Economic Times, June 22, 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.