Khurja power station

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Khurja power station is a power station in Naiphal, Khurja, Bulandshahar, Uttar Pradesh, India with multiple units of varying statuses, none of which are currently operating.

Location

Table 1: Project-level location details

Plant name	Location	Coordinates (WGS 84)
Khurja power station	Naiphal, Khurja, Bulandshahar, Uttar Pradesh, India	28.158333, 77.908333 (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, Unit 3: 28.158333, 77.908333

Project Details

Table 2: Unit-level details

Unit name	Status	Fuel(s)	Capacity (MW)	Technology	Start year
Unit 1	construction	coal: unknown	660	supercritical	2025 (planned)
Unit 2	construction	coal: unknown	660	supercritical	2025 (planned)
Unit 3	cancelled	coal: unknown	660	supercritical	–

Table 3: Unit-level ownership and operator details

Unit name	Owner	Parent
Unit 1	THDC India Ltd [100%]	NTPC Ltd [74.5%]; State of Uttar Pradesh [25.5%]
Unit 2	THDC India Ltd [100%]	NTPC Ltd [74.5%]; State of Uttar Pradesh [25.5%]
Unit 3	THDC India Ltd [100%]	NTPC Ltd [74.5%]; State of Uttar Pradesh [25.5%]

Background

THDC India Limited (THDCIL) is a joint venture of the Government of India and the Government of Uttar Pradesh. The company entered a MoU in December, 2010 with the Government of Uttar Pradesh for setting up the 2 x 660 MW Power Project in District Bulandshahar. About 1,200 acres of land at Khurja will be utilized for construction of the project.

The project received a Terms of Reference (TOR) in 2011, which was extended in 2013. THDC India applied for a new TOR in 2014.

On August 28, 2015, the Public Investment Board gave clearance to start the pre-construction activities for a 1,900 MW coal plant. The clearance will allow THDCIL to prepare the ground for starting work on the project. Environmental clearance will be approved once a coal block is allocated.

An environmental assessment for the project was released in November 2016. The EIA showed that the project had been reduced in size to 2 x 660 MW, but states "another unit of 660MW has been kept in the layout considering availability of land due to rerouting of NH-91."

The Environmental Clearance was granted 30 March 2017.

According to IEEFA, the plant will push up the cost of electricity, due to its planned use of imported coal, and increase air pollution levels in Delhi, which already has the worst air pollution of any city in the world.

Preliminary construction work such as site leveling began in early 2020. The units were planned for operation in 2023-2024.

Physical construction on the power station including boiler erection began in 2021. By late 2021, May 2022, and November 2022, the units were planned for 2024.

According to the May 2023 Broad Status report, Unit 1 was 68% complete and Unit 2 was 61% complete at the time of publication. The report estimated that Units 1 and 2 would be commissioned in March and September of 2024, respectively. Half a year later in November 2023, the Broad Status reported construction progress with Unit 1 81% complete and Unit 2 68% complete. Expected commissioning has shifted to July and October 2024.

Reporting in April 2024 stated that operations were expected to commence by September 2024. Per the October 2024 Broad Status report, the expected commissioning dates had again been pushed back to January 2025 and April 2025 for Units 1 and 2, respectively.

Ownership

In March 2020, National Thermal Power Corporation (NTPC) entered into a Share Purchase Agreements with the Government of India to acquire a 74.496% equity stake in THDC India Limited (THDCIL).

Financing

In 2018 it was reported that the financing for the project will come from the Power Finance Corporation. The total investment requirement for the Khurja project was estimated at Rs 126.76 billion (approx. US$1.8 billion), which includes Rs 110.89 billion (US$1.5 billion) for the power station and Rs 15.87 billion (US$227 million) for development of Amelia coal mine in district Singrauli in Madhya Pradesh, which would provide coal for the power station.

According to the Broad Status Report from 2021, "the Project is being funded with a Debt to Equity ratio of 70:30. Equity portion is being arranged by THDCIL from internal resources and Debt portion is being arranged by borrowing through Banks/ Financial Institutions and through issuance of bonds."

However the initially proposed loan from PFC appeared not to have gone ahead.

In the 2021/2022 Annual report issued in September 2022, THDC India stated that long term financing arrangement for Khurja Project (including Amelia Coal Mine) has been planned by raising 50% of debt portion through bond and balance 50% through project financing from banks/financial institutions. Accordingly, out of funds realized from bond issue series III and V, total amount of Rs 15 billion has been utilized for Khurja power plant. In addition, THDCIL has also tied up with Bank of Baroda for financing of Rs 25 billion towards CAPEX requirement of Khurja power plant and Amelia Coal Mine.

In a press release from February 2023, THDC India reported that a further loan of Rs 25 billion was signed with the Bank of Baroda for the Capex requirement of the company, mainly the Khurja plant and Amelia coal mine. Therefore it appeared that the financing raised by THDC contributed towards 50% of the estimated project cost of Rs 126.76 billion.

In the 2022/2023 Annual report, THDC reported that Rs 25.58 billion has now been utilized for the plant and the coal mine out of the bonds issues I, III, IV, V, VI and VII total Khurja Project and Amelia Coal Mine.

Articles and Resources

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.