Thoothukudi IBPGL power station

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Thoothukudi IBPGL power station is a mothballed power station in Pudurpandiapuram, Ottapidaram, Thoothukudi, Tamil Nadu, India.

Location

Table 1: Project-level location details

Plant name Location Coordinates (WGS 84)
Thoothukudi IBPGL power station Pudurpandiapuram, Ottapidaram, Thoothukudi, Tamil Nadu, India 8.864947, 78.106989 (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: 8.864947, 78.106989

Project Details

Table 2: Unit-level details

Unit name Status Fuel(s) Capacity (MW) Technology Start year
Unit 1 mothballed coal: unknown 63 subcritical 2010
Unit 2 mothballed coal: unknown 63 subcritical 2010
Unit 3 mothballed coal: unknown 63 subcritical 2010

Table 3: Unit-level ownership and operator details

Unit name Owner Parent
Unit 1 Ind-Barath Energy (Utkal) Ltd [100%] JSW Energy Ltd [95.0%]; other [5.0%]
Unit 2 Ind-Barath Energy (Utkal) Ltd [100%] JSW Energy Ltd [95.0%]; other [5.0%]
Unit 3 Ind-Barath Energy (Utkal) Ltd [100%] JSW Energy Ltd [95.0%]; other [5.0%]

Project-level coal details

  • Coal source(s): Indonesia

Financing

Source of financing:

Background

The power station is not to be confused with the Thoothukudi IBTPL power station (Ind-Barath Thermal Power Limited).[1]

The power station (2 x 63 MW) was commissioned in February 2010. The project is sponsored by Ind-Barath Power Gencom Limited (IBPGL), a subsidiary of Ind-Barath Infra Group. A third unit of 63 MW was added in July 2010.[2][3]

Liquidation

According to a January 2022 liquidation proceeding document, "[d]ue to challenges in fuel supply (low power off-take), surmounting receivables from TANGEDCO (due to financial stress faced by it) and subsequent cancellation of PPA, IBPGL stopped operations of the plant in June 2017." IBPGL was a subsidiary of Ind-Barath Power Infra Limited (IBPIL), the flagship company of the Ind-Barath Group. IBPIL owned 70.69% shares in the company while 29.26% shares were held by Group Captive Consumers and 0.05% shares by by promoter group.[4]

Related documents were available on the company's liquidation website.

In June 2022, Adani and Jindal Power (JPL) were reportedly in the race to acquire Ind-Barath Thermal Power in a bankruptcy auction. Interest in distressed power companies recently increased due to a shortage of power supply and the government nudge to state-owned banks to finance them.[5]

Articles and Resources

References

  1. "IBPIL," Plants in Operation, accessed January 2022
  2. "Ind-Barath Power Infra Limited," Draft Red Herring, June 21, 2010, p. 176, 234, 428
  3. "Ind-Barath Power Gencom Ltd." Ind-Barath Infra Group presentation, slide 15, accessed August 2014
  4. "Invitation for Bids for sale of Ind-Barath Power Gencom Limited (In Liquidation)," Issued by Rajesh Chillale, Liquidator, January 20, 2022
  5. "Adani, Jindal Power Cos in Race to Buy Ind-Barath Thermal," Economic Times, June 22, 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.