Tori power plant
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Tori power plant is a cancelled power station in Tori, Latehar, Jharkhand, India.
Location
Table 1: Project-level location details
| Plant name | Location | Coordinates (WGS 84) |
|---|---|---|
| Tori power plant | Tori, Latehar, Jharkhand, India | 23.7073307, 84.7738552 (exact) |
The map below shows the exact location of the power station.
Unit-level coordinates (WGS 84):
- Unit 1, Unit 2: 23.7073307, 84.7738552
- Unit 3: 23.708372, 84.7803086
Project Details
Table 2: Unit-level details
| Unit name | Status | Fuel(s) | Capacity (MW) | Technology |
|---|---|---|---|---|
| Unit 1 | cancelled | coal: unknown | 600 | supercritical |
| Unit 2 | cancelled | coal: unknown | 600 | supercritical |
| Unit 3 | cancelled | coal: unknown | 600 | supercritical |
Table 3: Unit-level ownership and operator details
| Unit name | Owner | Parent |
|---|---|---|
| Unit 1 | Essar Power Ltd [100%] | Essar Global Fund Ltd [100.0%] |
| Unit 2 | Essar Power Ltd [100%] | Essar Global Fund Ltd [100.0%] |
| Unit 3 | Essar Power Ltd [100%] | Essar Global Fund Ltd [100.0%] |
Project-level coal details
- Coal source(s): Imported Indonesian and Australian coal
Financing
Source of financing:
Background
Units 1-2
The original Tori project proposal was for a captive pit-head coal-fired power plant, comprising two generation units of 600 MW capacity each, located in Latehar district, Jharkhand. The company states that coal for the project will be sourced "from the Chakla and Ashok Karkata captive coal blocks owned by the company".[1][2]
In late 2011 a company spokesman told The Times of India that "construction work for the first phase has already started and it is going on in full swing. If things move smoothly, the first phase of 600MW will be commissioned by late 2012."[3]
According to a September 2012 status report by the Central Electricity Authority, the first unit of 600 MW will be commissioned in June 2014 and the second unit in September 2014.[4] However, the June 2014 status report of the CEA does not provide a completion date. A March 19, 2014 photo shows partial construction of two units. The December 2014 status report listed the planned commissioning dates as October 2016 for unit 1 and January 2017 for unit 2.[5]
Construction work on the plant had been stalled since 2012-13 after the Comptroller and Auditor General (CAG) started an inquiry into the allocation process of coal mines, including the mine which was to supply fuel to the project. Allocations were later scrapped in September 2014 following a Supreme Court order. In the reallocation process, which started in February 2015, Essar Power secured the bid for the Tokisud mine at a bid of Rs.1,110 for every tonne of coal mined. Coal from this mine will be used for Essar’s Mahan Super Thermal Power Project, as well as the Tori power plant. Construction work resumed in April 2015.[6]
However, in June 2015 Essar said the Tokisud mine could only be used for the company's Mahan coal plant. Live Mint reported that the Tori project was "on hold with bankers reluctant to lend to the project" as it did not have a fuel supply. At the end of March 2014, 43% of the construction at Tori unit 1 was complete, while at Tori unit 2, 17% had been completed.[7]
In October 2016, the Broad Status Report described the situation at the construction site as follows: "Mega Power Project status is yet being issued from MoP due to which 97% imported main plant equipment are lying at site/ Port. Tapering coal linkage. Reasons for Delay: Delay in MoE&F Clearance (14.11.2013 for U2 & U3), Change of design in water cooled condenser to air cooled condenser due to water availability issue, Law & order issue, delay in grant of Mega power project status, cancellation of coal block and non-availability of tapering / long term coal linkage etc."[8]
In October 2017, the Indian government listed the projected completion date for the units as "uncertain."[9]
Unit 3
A third unit of 600 MW (Phase II) received environmental clearance in 2013,[10] but as of October 2017 has yet to begin construction.[9]
With no developments since 2013, the project appeared to be deferred or abandoned.
Liquidation process
Essar Power Jharkhand, which had a total debt of around Rs 5,600 crore, was admitted into insolvency in 2018 on a plea moved by ICICI Bank. The bank, which had voting rights of 99.3 percent in the Committee of Creditors (CoC), had dragged the company to National Company Law Tribunal (NCLT) for defaulting on payment of nearly Rs 3,630 crore.[11]
In 2021, the government described the project (Units 1-3) as follows: "Liquidation Order date 18.12.2019; The Liquidator has initiated the e-auction process for realizing the assets of the Corporate Debtor and till date has sold around 15,000 MT of Fabricated Steel Structure from the power plant."[12]
The May 2023 and the November 2023 Broad Status reports did not reflect any further development of the liquidation of the plant since the 2021 status update.[13][14]
Articles and Resources
References
- ↑ "Essar Power Jharkhand-Tori (1,200 MW)," Essar Group, accessed January 23, 2011
- ↑ Essar Energy, "Power," Essar Energy website, accessed February 2012
- ↑ "Essar Power starts Tori plant work," The Times of India, August 3, 2011
- ↑ Monthly Report on Broad Status of Thermal Power Projects in the Country, Central Electricity Authority, September 2012
- ↑ Expected synchronization/commissioning (Full load)/COD details of Thermal Power Projects, Central Electricity Authority, December 2014
- ↑ "Essar Power to restart work on Rs1,000 crore Tori project," Live Mint, April 13, 2015
- ↑ "Lenders pull plug on Essar project," Live Mint, June 19, 2015
- ↑ "Monthly Report on Broad Status of Thermal Power Projects in the Country," Government of India Ministry of Power, October 2016
- ↑ 9.0 9.1 "Monthly Report on Broad Status of Thermal Power Projects in the Country," Government of India Ministry of Power, October 2017
- ↑ Environmental clearance, India MoEF, November 14, 2013
- ↑ "Essar Power arm to be liquidated after lone bidder refuses to furnish guarantee," Indian Express, January 9, 2020
- ↑ “Broad Status Report,” Thermal Project Monitoring Division , Central Electricity Authority, November 2021
- ↑ “Broad Status Report,” Broad Status Report of Under Construction Thermal Power Projects, Central Electricity Authority, May 2023
- ↑ "Broad Status Report of Under Construction Thermal Power Projects" (PDF). Central Electricity Authority. November 2023.
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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.
