Simhapuri Thamminapatnam power station

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Simhapuri Thamminapatnam power station is an operating power station of at least 600-megawatts (MW) in Thamminapatnam, Chillakur, Nellore, Andhra Pradesh, India with multiple units, some of which are not currently operating.

Location

Table 1: Project-level location details

Plant name Location Coordinates (WGS 84)
Simhapuri Thamminapatnam power station Thamminapatnam, Chillakur, Nellore, Andhra Pradesh, India 14.204576, 80.086636 (exact)

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

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Unit-level coordinates (WGS 84):

  • Phase III Unit 1, Phase III Unit 2, Unit 1, Unit 2, Unit 3, Unit 4: 14.204576, 80.086636

Project Details

Table 2: Unit-level details

Unit name Status Fuel(s) Capacity (MW) Technology Start year
Phase III Unit 1 cancelled coal: unknown 660 supercritical
Phase III Unit 2 cancelled coal: unknown 660 supercritical
Unit 1 operating coal: unknown 150 subcritical 2012
Unit 2 operating coal: unknown 150 subcritical 2012
Unit 3 operating coal: unknown 150 subcritical 2014
Unit 4 operating coal: unknown 150 subcritical 2015

Table 3: Unit-level ownership and operator details

Unit name Owner Parent
Phase III Unit 1 Simhapuri Energy Ltd [100%] Jindal Power Ltd [100.0%]
Phase III Unit 2 Simhapuri Energy Ltd [100%] Jindal Power Ltd [100.0%]
Unit 1 Simhapuri Energy Ltd [100%] Jindal Power Ltd [100.0%]
Unit 2 Simhapuri Energy Ltd [100%] Jindal Power Ltd [100.0%]
Unit 3 Simhapuri Energy Ltd [100%] Jindal Power Ltd [100.0%]
Unit 4 Simhapuri Energy Ltd [100%] Jindal Power Ltd [100.0%]

Financing

Source of financing: US$259.89 million in debt from 13-bank consortium led by the State Bank of India[1][2]

Background

The project was being developed by Simhapuri Energy Private Limited (SEPL) in three phases. Phase I comprised 2 units of 150 MW; Phase II comprised two units of 150 MW each; and Phase III comprised two supercritical units of 660 MW each.[3][4]

Phase I, Unit 1 (150 MW) was commissioned on March 24, 2012,[5] and Phase I, Unit 2 (150 MW) was commissioned in July 2012.[6]

Phase II, Unit 3 (150 MW) was commissioned in February 2014.[7] As of March 2015, Phase II, Unit 4 (150 MW) was listed as synchronized.[8]

Phase III was issued a terms of reference in 2011,[9] which was renewed in September 2014.[10] With no further known permits or updates on phase III, and it was presumed deferred or abandoned.

Liquidation process

In 2020, the National Company Law Tribunal (NCLT) Hyderabad started inviting expression of interest for a resolution plan for Simhapuri Energy Limited. Following a petition moved by State Bank of India, the corporate insolvency resolution process of the Corporate Debtor commenced under the provisions of the Insolvency and Bankruptcy Code, 2016. The NCLT in June 26, 2020 initiated proceedings under Section 7 of the IBC.

Expression of Interests for the sale of Simhapuri Energy Limited continued to be publicized under the Insolvency & Bankruptcy Board of India (Liquidation Process) following an October 2021 order from the NCLT. Documents noted that the power station was "Successfully operated till 31.03.17," but that "There is no Long term PPA / FSA" and that the "Plant Status Plant is presently being maintained in a preservative mode."[11][12]

During a May 2022 heatwave, energy minister RK Singh held conferences with companies, banks, and state officials to discuss restarting commissioned but “non-operational” units. The plants considered appeared to include Salaya power plant, Butibori Power Project, Nasik RattanIndia Thermal Power Project, Simhapuri Thamminapatnam power station, Meenakshi Energy Thermal Power Project, Mutiara Coastal Energen Thermal Power Plant, and Cuddalore IL&FS power station. News noted that resolution regarding the 600 MW plant was currently under admission in NCLT, and that it could be started with the intervention of lenders and developers.[13]

The plant did not appear to be operating based on 2022 Daily Coal Reports.

Jindal purchase

In June 2022, it was reported that Jindal Power (JPL) was set to acquire the plant for around Rs 300 crore. The company was planning to operate it by importing coal from Indonesia and Africa, and could begin operating the plant by Q3/FY23.[14]

A December 2022 article noted in passing that Jindal Steel and Power (JSPL), of Jindal Group, had acquired the 600 MW power unit operating on imported coal for ₹300 crore.[15]

Financing for Phase II

In September 2010, a financing agreement for phase II was closed. US$259.89 million in loans was provided by a 13-bank consortium led by the State Bank of India.[1][2]

Articles and Resources

References

  1. 1.0 1.1 "Preview of Simhapuri Energy Phase II | Transaction | IJGlobal". ijglobal.com. Retrieved 2020-10-29.
  2. 2.0 2.1 "FC for Indian 300MW power plant | News | IJGlobal". ijglobal.com. Retrieved 2020-10-29.
  3. Simhapuri Energy Private Limited, company website, accessed January 2012
  4. "About us," Simhapuri Energy Private Limited website, accessed August 2014
  5. ALL INDIA REGIONWISE GENERATING INSTALLED CAPACITY (MW) OF POWER UTILITIES INCLUDING ALLOCATED SHARES IN JOINT AND CENTRAL SECTOR UTILITIES, Central Electricity Authority, March 31, 2012
  6. Monthly Report on Broad Status of Thermal Power Projects in the Country, Central Electricity Authority, February 2014
  7. "Phase-II (2 X 150 MW)," Simhapuri Energy Private Limited website, accessed August 2014
  8. "Phase-II (2 X 150 MW)," Simhapuri Energy Private Limited website, accessed March 2015
  9. Terms of reference, India MoEF, May 13, 2011
  10. New terms of reference, India MoEF, September 16, 2014
  11. "Expression of Interest," Dr. Gv Narasimha Rao Liquidator for Simhapuri Energy Limited (In Liquidation), January 16, 2022
  12. "Simhapuri Energy Limited," Simhapuri Energy Limited, accessed January 2022
  13. “Power Minister RK Singh to meet states, lenders on reviving stressed plants,” Economic Times, May 2, 2022
  14. "Jindal Power to acquire Simhapuri power plant," Projects Today, June 22, 2022
  15. "JSPL acquires Monnet Power for Rs 410 crore at auction," Financial Times, December 9, 2022

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.