EMCO Energy Warora Power Project

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EMCO Energy Warora Power Project is an operating power station of at least 600-megawatts (MW) in Naideo, Warora, Chandrapur, Maharashtra, India.

Location

Table 1: Project-level location details

Plant name Location Coordinates (WGS 84)
EMCO Energy Warora Power Project Naideo, Warora, Chandrapur, Maharashtra, India 20.279656, 78.975351 (exact)

The map below shows the exact location of the power station.

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Unit-level coordinates (WGS 84):

  • Unit 1, Unit 2: 20.279656, 78.975351

Project Details

Table 2: Unit-level details

Unit name Status Fuel(s) Capacity (MW) Technology Start year
Unit 1 operating coal: unknown 300 subcritical 2013
Unit 2 operating coal: unknown 300 subcritical 2013

Table 3: Unit-level ownership and operator details

Unit name Owner Parent
Unit 1 GMR Group [100%] GMR Group [100.0%]
Unit 2 GMR Group [100%] GMR Group [100.0%]

Background

The power station is near Warora, Maharashtra. It was originally operated by EMCO Energy, a subsidiary of the GMR Group. The two 300 MW units were commissioned in 2013.[1]

Financing

In March 2010, a financing agreement for the project was closed. US$574.92 million in loans was provided by Axis Bank, Andhra Bank, Corporation Bank, Oriental Bank of Commerce, Uco Bank, United Bank of India, Bank of Baroda, IDBI Bank, Punjab & Sind Bank, and Union Bank of India. US$191.64 million in equity was provided by GMR Group.[2]

Coal supply difficulties

According to a March 2013 newspaper article, the project was experiencing coal acquisition difficulties. The article reported that "the first unit is yet to start receiving coal under the fuel supply agreement that the firm had signed with the Singareni Collieries Company Limited." According to a company source, "Coal supply is expected to begin shortly. For now, we are getting coal from the open market, including e-auction.”[3]

GMR sells EMCO

According to one newspaper report, "There has been talk that the GMR group is keen to divest its holdings in some of its units, including GMR Emco, in order to lighten its debt burden. GMR, which had a gross debt of about Rs43,000 crore by December-end, has denied any such sale plans."[3]

However, GMR put EMCO up for sale a few months later, in December 2013.[4]

Articles and Resources

References

  1. GMR, "EMCO Energy", GMR Group website, accessed October 2013.
  2. "Preview of Emco Coal-Fired Power Plant (600MW) | Transaction | IJGlobal". ijglobal.com. Retrieved 2020-09-30.
  3. 3.0 3.1 KV Ramana, "GMR Emco begins Warora power output," dna, March 23, 2013
  4. "GMR puts Emco Energy up for sale to reduce debt," Economic Times, Dec 4, 2013

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.