Visa Power Jharkhand project
The Visa Power Jharkhand project was a proposed 2,640 megawatt (MW) coal-fired power station in Jharkhand, India.
The plant was proposed to be built in Seraikela-Kharsawan district, according to the company's application to the Ministry of Coal. However, on the Visa Power website the project was described as being developed in Sahibgunj district, which is located in the far northeast corner of Jharkhand state, but the accompanying map shows the cities of Ranchi and Seraikela, which are both located in the southeastern part of Jharkhand.
The map below shows the location of Seraikela-Kharsawan district, not Sahibgunj district.
On its website VISA Power states that it has signed an MoU with the Government of Jharkhand on 5th February 2008 "for setting up a 2,640 MW integrated power plant." It also states that "the Company has identified the location of the project and is about to commence land acquisition process." It describes the project as in "initial stage of planning."
In 2011 the private equity firm Blackstone expressed interest in purchasing Visa Power, but backed out in 2013, saying the power company had failed to meet certain milestones due to a lack of resources.
As of May 2016 the project has yet to receive environmental permits, and appears to be abandoned.
Sponsor: Visa Power
Location: Seraikela-Kharsawan district, Jharkhand
Coordinates: 22.74199, 85.872574 (approximate)
Capacity: 2,640 MW
Projected in service:
Estimated annual CO2:
Source of financing:
Articles and Resources
- Lanco, "Sahibgunj, Jharkhand,", Visa Power website, accessed March 2014.
- PENDING APPLICATION OF IPP UP TO 2ND FEBRUARY, 2009, Ministry of Coal, February 2009, p. 13 (#168)
- "Blackstone calls off deal with Visa Power," Business Standard, Feb 28, 2013
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