Nardana Vaghode power station

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Nardana Vaghode power station is an operating power station of at least 300-megawatts (MW) in Waghode, Shindkheda, Dhule, Maharashtra, India. It is also known as Shirpur TPP.

Location

Table 1: Project-level location details

Plant name	Location	Coordinates (WGS 84)
Nardana Vaghode power station	Waghode, Shindkheda, Dhule, Maharashtra, India	21.15103, 74.854206 (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: 21.15103, 74.854206

Project Details

Table 2: Unit-level details

Unit name	Status	Fuel(s)	Capacity (MW)	Technology	Start year
Unit 1	operating	coal: subbituminous	150	subcritical	2017
Unit 2	operating	coal: subbituminous	150	subcritical	2023

Table 3: Unit-level ownership and operator details

Unit name	Owner	Parent
Unit 1	Jindal Power Ltd	Jindal Power Ltd
Unit 2	Jindal Power Ltd	Jindal Power Ltd

Background

The project was sponsored by Shirpur Power.

The location of the proposed plant was the Nardana Central Government sponsored Growth Centre, an industrial area on 750 hectares of land in possession of Maharashtra Industrial Development Corporation (MIDC). The area was described as follows:

Nardana Central Government sponsored Growth Centre: MIDC has planned to develop an industrial area on 750.09 Hect. of land. About 648.56 Hect. of land has came in possession of MIDC. The reservation of water for 4.38 MM3 per year has been granted by Irrigation Department. MIDC has provided the water supply scheme for this industrial area. This scheme includes Jackwell, 600 mm dia PSC raw water rising main (13.50 Km.), 400 mm dia PSC pure water rising main (9.50 Km.) water treatment plant of 6 MLD capacity & 1000 cum capacity ESR. Presently MIDC is developing phase I having land 480 Hect. MIDC has completed 7.22 Km. WBM roads, out of which asphalting of 2.10 Km road is completed. MIDC has also provided the water supply distribution pipe lines. The rate of allotment of industrial plot is Rs. 50.00 per Sqm.

The project received an Environmental Clearance from the Government of Maharashtra Environmental Department on November 25, 2010. Photographs on the sponsor's website show construction activity in 2013.

In December 2016, the two units were projected to come online in February and April of 2017. As of March 2017, the commissioning dates had slipped to June and September of 2017.

Unit 1 was commissioned in September 2017. Unit 2 was planned for March 2018.

According to the India Ministry of Power in August 2018, work on Unit 2 was on hold due to issues with the PPA and coal linkage.

Unit 2 commissioned (2023)

In the Central Electricity Authority's December 2023 Installed Capacity update, it was reported that Unit 2 had been commissioned by Shirpur Power Pvt Ltd (SPPL) on December 22, 2023. The December 2023 Broad Status report stated that the capacity of Unit 2 had been added to the grid on November 22, 2023.

Liquidation process

In 2021, government documents noted the following for unit 2: "Liquidation Order date 10.03.2021; 7th e-Auction of the company on Slump Sale basis is currently underway."

The company's liquidation proceedings website highlighted that Shirpur Power Private Limited was a 100% subsidiary of Zep Infratech Ltd. (formerly known as Zeppelin Mobile Systems India Ltd.).

The Financial Creditors application to initiate the corporate insolvency resolution process (“CIRP”) was admitted by the National Company Law Tribunal, Ahmedabad Bench (“NCLT”) on March 4, 2020. However, within the permitted CIRP timeline, no resolution plan was received by the Committee of Creditors. The NCLT admitted the application, initiating the liquidation process of the Corporate Debtor and appointed Mr. Dushyant Dave, as the Liquidator vide its order dated March 10, 2021.

A pitch book claimed the following: "Unit 1 of 2X150 MW – commercial operation date achieved on October 1, 2017. Unit 2 of 2X150 MW – 98% ready for trial run."

Reporting in May 2023 stated that Jindal Power Ltd (JPL) had purchased the Shirpur power station, but noted that proceedings were still underway via the NCLT. The May 2023 Broad Status report stated that the second unit of the plant was still under its liquidation process at the time of publication. A month later, the June 2023 Broad Status report stated that the assets had been sold, but that "relevant proceedings concerning such sale [were] pending adjudication before Hon'ble NCLT." According to the August 2023 Broad Status report, the sale proceedings were still pending before the NCLT.

The October 2023 Broad Status stated the following:

"Assets of the Corporate Debtor have been sold under Slump Sale vide an auction dated April 09, 2022. However, relevant proceedings concerning such sale are pending adjudication before Hon'ble NCLT, Ahmedabad."

According to the December 2023 Broad Status, the power station (referred to as "Shirpur TPP") was under the ownership of JPL.

Financing

In October 2012, a financing agreement was closed for this project. The State Bank of India agreed to provide US$255.05 million in loans.

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.