Thoothukudi IBPGL power station

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Thoothukudi IBPGL power station is a 189-megawatt (MW) coal-fired power station in Tamil Nadu, India.

A liquidation process related to the mothballed plant was initiated.

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

Location

The plant is located near Pudurpandiapuram (Puthiamputhur) village.

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Background

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]

Project Details

Sponsor: Ind-Barath Power Gencom Ltd
Parent: Ind-Barath Infra Group
Location: Pudurpandiapuram village, Ottapidaram taluk, Thoothukudi district, Tamil Nadu
Coordinates: 8.8649468, 78.1069887 (exact)
Capacity:

  • Unit 1: 63 MW
  • Unit 2: 63 MW
  • Unit 3: 63 MW

Status: Mothballed
Type: Subcritical
Projected in service: 2010
Coal Source: Indonesia
Estimated annual CO2:
Source of financing:

Resources and articles

Related GEM.wiki articles

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
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