Tiroda Thermal Power Project

From Global Energy Monitor

The Tiroda Thermal Power Project is a 3,300-megawatt (MW) coal plant in Maharashtra, India.

Location

The map below shows the power station in Tiroda village.

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Background

The project is being set up by Adani Power Maharashtra Ltd (APML), a subsidiary of Adani Power. It would consist of three phases:[1][2]

  • Phase I - 2 x 660 MW
  • Phase II - 1 x 660 MW
  • Phase III - 2 x 660 MW

Phase I's Unit 1 (660 MW) was commissioned in 2012. Unit 2 (660 MW) was commissioned in March 2013. Phase II, unit 3 (660 MW) was commissioned in June 2013.[3]

According to the Central Electricity Authority, there are three units in Phase II; i.e., the CEA appears to merge Phase II and Phase III into a single Phase II of three units. According to the CEA, all three units (3, 4, and 5) will be commissioned in 2013.[3]

Stage III, unit 4 was commissioned in April 2014.[4] Unit 5 was reported as in operation by November 2014.[5]

Financing

Phase I (units 1 and 2): In January 2009, a financing agreement for phase I was closed. US$1.05 billion in loans was provided by the State Bank of India, Bank of Baroda, Indian Overseas Bank, Power Finance Corporation,  Rural Electrification Corporation, State Bank of Patiala, State Bank of Mysore, UCO Bank, Corporation Bank, Life Insurance Corp of India, Punjab National Bank, State Bank of Bikaner & Jaipur,  State Bank of Indore,  Syndicate Bank, Union Bank of India, and IDBI Bank. SBI Capital acted as financial adviser.[6][7]

Phase II (unit 3): In September 2009, a financing agreement for phase II was closed. US$451 million in loans was provided by the State Bank of India, Power Finance Corporation, UCO Bank, Rural Electrification Corporation, IDBI Bank, and State Bank of Travancore. SBI Capital acted as financial adviser.[8]

Phase III (units 4 and 5): In 2013, a financing agreement for phase III was closed.[9] China Development Bank, Industrial and Commercial Bank of China, and Standard Chartered Bank each provided US$160 million in loans. Adani Power provided US$85 million in equity.[10]

Water

On May 2, 2016, it was reported the Tiroda plant only had enough water to operate for a week. Maharashtra, which gets 20 per cent of its power from the plant, is lobbying the Madhya Pradesh Government to release water from the Bawanthadi dam to keep the plant operating. Two other smaller plants in Maharashtra, the 130 MW Parli power station and at least a third of the 600 MW Warora power station, have already been closed due to lack of water. The states of Maharashtra, Uttar Pradesh, Bihar, Chhattisgarh, Madhya Pradesh, Karnataka, Telangana, Odisha and West Bengal all declared drought in 2015.[11]

Project Details

Sponsor: Adani Power
Location: Tiroda village, Gondia district, Maharashtra
Coordinates: 21.4125018, 79.9673098 (Exact)
Status:

  • Unit 1: Operating (2012)
  • Unit 2: Operating (2013)
  • Unit 3: Operating (2013)
  • Unit 4: Operating (2014)
  • Unit 5: Operating (2014)

Capacity: 3,300 MW (5 x 660 MW)
Type: Supercritical[1]
Projected in service:
Coal Type:
Coal Source:
Estimated annual CO2:
Source of financing: phase I (units 1 and 2): US$1.05 billion in debt from the State Bank of India, Bank of Baroda, Indian Overseas Bank, Power Finance Corporation,  Rural Electrification Corporation, State Bank of Patiala, State Bank of Mysore, UCO Bank, Corporation Bank, Life Insurance Corp of India, Punjab National Bank, State Bank of Bikaner & Jaipur,  State Bank of Indore,  Syndicate Bank, Union Bank of India, and IDBI Bank

phase II (unit 3): US$451 million in debt from the State Bank of India, Power Finance Corporation, UCO Bank, Rural Electrification Corporation, IDBI Bank, and State Bank of Travancore[8]

phase III (units 4 and 5): US$480 million in debt from China Development Bank, Industrial and Commercial Bank of China, and Standard Chartered Bank; US$85 million in equity from Adani Power[10]
Permits and applications:

Resources

References

  1. 1.0 1.1 "Power Generation: Tiroda Thermal Power Project," Adani Power Limited, accessed February 2012
  2. "Power Generation" Adani Power, accessed July 2011
  3. 3.0 3.1 "Monthly Report on Broad Status of Thermal Power Projects in the Country" Government of India Ministry of Power, September 2013.
  4. "Adani Power commissions 4th unit of Tiroda power plant in Gujarat," live mint, April 3, 2014.
  5. "Adani Power acquires Avantha’s 600 MW plant at Korba," Express News Service, November 25, 2014
  6. "Adani Power closes Tirora financing | News | IJGlobal". ijglobal.com. Retrieved 2020-10-30.
  7. "Adani Power Tirora: Pulling power | Case Studies | IJGlobal". ijglobal.com. Retrieved 2020-10-30.
  8. 8.0 8.1 "Adani signs Tirora phase 2 debt | News | IJGlobal". ijglobal.com. Retrieved 2020-10-30.
  9. "List of projects to which China has provided public financing (2007-2013)" (PDF). Retrieved October 30, 2020.
  10. 10.0 10.1 "Slowing the Growth of Coal Power Outside China: The Role of Chinese Finance" (PDF). Climate Policy Initiative. November 2015.
  11. "Tiroda power plant may shut but government unmoved," Times of India, May 2, 2016

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