Atul power station
| Part of the Global Coal Plant Tracker, a Global Energy Monitor project. |
| Related coal trackers: |
Atul power station is an operating power station of at least 84-megawatts (MW) in Atul, Gujarat, India.
Location
Table 1: Project-level location details
| Plant name | Location | Coordinates (WGS 84) |
|---|---|---|
| Atul power station | Atul, Gujarat, India | 20.537058, 72.933282 (exact) |
The map below shows the exact location of the power station.
Unit-level coordinates (WGS 84):
- New Unit, Unit 1: 20.537058, 72.933282
Project Details
Table 2: Unit-level details
| Unit name | Status | Fuel(s) | Capacity (MW) | Technology | Start year |
|---|---|---|---|---|---|
| New Unit | operating[1] | coal: unknown | 50 | unknown | 2024 (planned)[1] |
| Unit 1 | operating | coal: unknown | 34 | unknown | – |
Table 3: Unit-level ownership and operator details
| Unit name | Owner | Parent |
|---|---|---|
| New Unit | Atul Ltd [100%] | Atul Ltd [100.0%] |
| Unit 1 | Atul Ltd [100%] | Atul Ltd [100.0%] |
Project-level captive use details
- Captive industry use (heat or power): power
- Captive industry: Chemicals
Project-level coal details
- Permit(s): Environmental Clearance; Form 1: 2020-02-24; Environmental Impact Assessment: 2021-04; Environmental Clearance: 2022-03
Background
The Atul power station is a 56 MW captive power station at a chemical manufacturing complex. The exact fuel type and unit breakdown of the power station are uncertain. The power station may involve a 34 MW unit and a 22 MW unit burning coal and diesel.[2][3]
In January 2020, Atul Limited submitted a proposal to expand the plant with a 50 MW coal unit. Coal would be sourced both domestically and imported. Atul is part of the Lalbhai Group of Industries.[4][5]
The public hearing was held January 1, 2021.[6] The Final Environmental Impact Assessment (EIA) was prepared in April 2021.[7][8][9]
The expansion appeared permitted by the State EIA authority for Gujarat in December 2021.[10] A cover letter dated March 22, 2022 from a Member Secretary of SEIAA Gujarat provided more details.[11]
Company reports in 2022 and 2023 noted that Atul owned a 50 MW captive power station, which presumably referred to the original 34 and 26 WM units.[12][13] A July 2023 report of Atul's annual meeting noted that Atul Products would "commission a 300 MT per day caustic chlorine plant (with a 50 MW power plant)" in the same quarter (Q3 2023).[14] A November 2023 report indicated that the 50 MW power station was still being set up.[15]
According to Lakshmishree's "Stock Market Today," Atul Products began operating its new caustic plant and 50 MW power plant on January 11, 2024.[16]
Financing
As per August 2022 rating report by CARE Ratings, total cost of the project is envisaged at around ₹964 crore (as against its earlier estimate of ₹818 crore), with an additional ₹71 crore for working capital margin. This is planned to be funded through equity capital of ₹5 crore, preference shares of of ₹258 crore and extension of unsecured loan of ₹772 crore by Atul.[17] (This is presumably an equity-like loan from the parent company). The summary of the report states that "the entire project cost of APL’s ongoing greenfield caustic-chlorine and related captive power plant is envisaged to be financed through fund infusion by Atul".[17] Separate investment cost of the power plant is not known.
Articles and Resources
References
- ↑ 1.0 1.1 https://web.archive.org/web/20240218232657/https://lakshmishree.com/blog/stock-market-today-highlights/. Archived from the original on 18 February 2024.
{{cite web}}: Missing or empty|title=(help) - ↑ Environmental Clearance, Government of Gujarat, May 20, 2016
- ↑ Compliance Of Environmental Clearance Ministry’s Letter No.: F. No. J-11011/108/2015-IA-II (I), Atul, April 2019 to September 2019
- ↑ Form 1 application, Atul to India MoEF, February 24, 2020
- ↑ Cover Letter, Atul to GPCB, January 11, 2020
- ↑ Public Hearing, Atul, January 28, 2021
- ↑ Environmental Impact Assessment, Atul, April 2021
- ↑ EC General Report, Atul, accessed January 2022
- ↑ to GPCB queries, Atul, August 21, 2021
- ↑ "Environmental Clearance," SEIAA, December 20, 2021
- ↑ "Grant of Environmental Clearance (EC) to the proposed Project Activity under the provision of EIA Notification 2006," SIA/GJ/THE/61911/2020, March 22, 2022
- ↑ Our endeavour, Atul Ltd, April 22, 2022
- ↑ Financial results: Q1 of 2023-24, Atul Ltd, July 21, 2023
- ↑ Annual General Meeting 2023, Atul Ltd, July 28, 2023
- ↑ Atul Products Limited, CARE Edge Ratings, November 6, 2023
- ↑ Stock Market Today: Date: 11 January 2024 Stock Market Highlights, Lakshmishree, January 11, 2024
- ↑ 17.0 17.1 "Atul Products Limited - CARE Ratings" (PDF). www.careratings.com. August 2022.
{{cite web}}: CS1 maint: url-status (link)
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.
