Baradarha power station
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Baradarha power station is an operating power station of at least 1200-megawatts (MW) in Baradarha, Janjgir, Chhattisgarh, India. It is also known as DB Power TPP.
Location
Table 1: Project-level location details
| Plant name | Location | Coordinates (WGS 84) |
|---|---|---|
| Baradarha power station | Baradarha, Janjgir, Chhattisgarh, India | 21.911436, 83.188863 (exact) |
The map below shows the exact location of the power station.
Unit-level coordinates (WGS 84):
- Unit 1, Unit 2: 21.911436, 83.188863
Project Details
Table 2: Unit-level details
| Unit name | Status | Fuel(s) | Capacity (MW) | Technology | Start year |
|---|---|---|---|---|---|
| Unit 1 | operating | coal: subbituminous | 600 | subcritical | 2014 |
| Unit 2 | operating | coal: subbituminous | 600 | subcritical | 2015 |
Table 3: Unit-level ownership and operator details
| Unit name | Owner | Parent |
|---|---|---|
| Unit 1 | DB Power Ltd [100%] | Dainik Bhaskar Group [100.0%] |
| Unit 2 | DB Power Ltd [100%] | Dainik Bhaskar Group [100.0%] |
Financing
Source of financing: Unit 1: US$565.39 million in debt from SBI Capital Markets, Bank of Baroda, Larsen & Toubro, Oriental Bank of Commerce, State Bank of Hyderabad, Union Bank of India, Bank of India, Life Insurance Corporation of India, Punjab National Bank, and State Bank of India; US$188.46 million in equity from Diligent Power Ltd[1]
Unit 2: US$541.03 million in debt from IDBI Bank, Larsen & Toubro, State Bank of Bikaner & Jaipur, State Bank of Hyderabad, and Life Insurance Corporation of India; US$180.52 million in equity from Diligent Power Ltd[2]
Background
In its February 2014 status report, the Central Electricity Authority reported that Unit 1 of the project was commissioned in February 2014 and Unit 2 would be commissioned in March 2014.[3] Commissioning of unit 2 was later delayed to mid-2015 due to "cancellation of coal block and non-availability of coal linkage."[4]
Ownership
In August 2022, Adani Power said it would acquire DB Power Ltd, which owned and operated the power station, at an enterprise value of Rs 7,017 crore for cash consideration. DB Power had long- and medium-term power purchase agreements for 923.5 MW of its capacity, and backed by fuel supply agreements with Coal India Ltd. The company said the initial term of the agreement to buy would be until October 31, 2022, and could be extended by mutual agreement.[5] In January 2023, Adani Power and D B Power mutually agreed to further extend the long stop date to February 15, 2023, for achieving the closing the transaction.[6]
In February 2023, Adani Power scrapped plans to purchase the power station. Shares in Adani Enterprises had fallen by more than 54% in the month since a January Hindenburg Research report raised concerns over the company's global business practices.[7]
Financing for Unit 1
In March 2011, a financing agreement for Unit 1 was closed. US$565.39 million in loans was provided by SBI Capital Markets, Bank of Baroda, Larsen & Toubro, Oriental Bank of Commerce, State Bank of Hyderabad, Union Bank of India, Bank of India, Life Insurance Corporation of India, Punjab National Bank, and State Bank of India. US$188.46 million in equity was provided by Diligent Power Ltd.[1]
Financing for Unit 2
In July 2011, a financing agreement for Unit 2 was closed. US$541.03 million in loans was provided by IDBI Bank, Larsen & Toubro, State Bank of Bikaner & Jaipur, State Bank of Hyderabad, and Life Insurance Corporation of India. US$180.52 million in equity was provided by Diligent Power Ltd.[2]
Proposed coal mine
DB Power is seeking the acquisition of 693.32 hectares of land for a coal mine, a project in Dharamjaigarh that would displace an estimated 524 families from six settlements to extract 2 million tonnes of coal annually. The coal would be used to fuel a 1320 MW thermal power plant that would be built in the adjoining district of Janjgir.[8] According to a company sponsored environment impact assessment, 2709 people would be displaced and 51,000 people affected by the coal mine.[8]
Public opposition
At a February 28, 2011 public hearing on the mine, 438 people spoke, none of them in support of the project.[8] After public protest against the proposed mine, DB Power submitted an affidavit pledging not to conduct any mining operations in nagar panchayat land. A supplementary letter filed at the Feb. 2011 public hearing promised to re-site any proposed water tanks and coal piles from nagar panchayat land to the remaining leased area. Four villages, however, would still lose their lands.[8]
According to activist Ramesh Agarwal: “If the company is really giving up 350 acres of land, it should submit a new EIA report,” saying that the existing report was meaningless as giving up 350 acres of urban land would alter the mining plan of the project. The Centre for Science and Environment, a Delhi-based research group, criticised the report for not providing information on the mine’s impact on surface and groundwater sources, forests and fauna: “Almost 40 per cent of land in the project area is covered under forests …There are 11 reserved and 2 protected forests within 10 km radius."[8]
DB Corp paper runs stories in support of mine
DB Power is promoted by Bhaskar group that publishes Dainik Bhaskar, the largest selling Hindi newspaper in Chhattisgarh. In the days preceding a hearing on the coal mine, the Raigarh edition of the Dainik Bhaskar carried a full page of stories in favour of the project.[8]
Articles and Resources
References
- ↑ 1.0 1.1 "Preview of DB Power Chattisgarh Thermal Power Plant Phase I (600MW) | Transaction | IJGlobal". ijglobal.com. Retrieved 2020-10-14.
- ↑ 2.0 2.1 "Preview of DB Power Chattisgarh Thermal Power Plant Phase II (600MW) | Transaction | IJGlobal". ijglobal.com. Retrieved 2020-10-14.
- ↑ MONTHLY REPORT ON BROAD STATUS OF THERMAL POWER PROJECTS IN THE COUNTRY, Ministry of Power, February 2014
- ↑ "Seeking permission for drawl of start-up power for Unit 2 under DSM," India CERC, Petition No. 567/MP/2014
- ↑ "Adani Power To Acquire DB Power For Rs 7,017 Crore," Outlook India, August 19, 2022
- ↑ "Adani Power update on acquisition of D B Power," Business Standard, January 17, 2023
- ↑ "Adani credit facilities expose collateral web full of red flags," Live Mint, February 19, 2023
- ↑ 8.0 8.1 8.2 8.3 8.4 8.5 Supriya Sharma, "Coal mine threatens to eat up town" The Times of India, March 2, 2011.
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.
