Tuticorin power station (Ind-Barath)
| Part of the Global Coal Plant Tracker, a Global Energy Monitor project. |
| Related coal trackers: |
Tuticorin power station (Ind-Barath) is a cancelled power station in Pallakkurichi, Sattankulam, Thoothukudi, Tamil Nadu, India. It is also known as Thoothukuddi.
Location
Table 1: Project-level location details
| Plant name | Location | Coordinates (WGS 84) |
|---|---|---|
| Tuticorin power station (Ind-Barath) | Pallakkurichi, Sattankulam, Thoothukudi, Tamil Nadu, India | 8.3959535, 77.950861 (exact) |
The map below shows the exact location of the power station.
Unit-level coordinates (WGS 84):
- Phase I: 8.3959535, 77.950861
- Phase II: 10.667076, 79.772229
Project Details
Table 2: Unit-level details
| Unit name | Status | Fuel(s) | Capacity (MW) | Technology |
|---|---|---|---|---|
| Phase I | cancelled | coal: unknown | 660 | supercritical |
| Phase II | cancelled | coal: unknown | 660 | supercritical |
Table 3: Unit-level ownership and operator details
| Unit name | Owner | Parent |
|---|---|---|
| Phase I | Ind-Barath Energy (Utkal) Ltd [100%] | JSW Energy Ltd [95.0%]; other [5.0%] |
| Phase II | Ind-Barath Energy (Utkal) Ltd [100%] | JSW Energy Ltd [95.0%]; other [5.0%] |
Background
The project was being developed by Ind-Bararth (Madras) Limited, a subsidiary of Ind-Barath Power. It was being developed in two stages, each 660 MW.[1]
As of April 2010, Coal India issued a letter requiring the company to provide commitment guarantees in order to receive a letter of assurance of coal for the project.[2] The company reported in its Red Herring that it had also entered into a long term coal supply agreement with its subsidiary PTIB for 750,000 metric tonnes for a period of five years.[2]
Environmental clearance was granted for one 660 MW unit in 2010.[3] On its website (2015), Ind-Barath Power stated the power station was expected to be commissioned by June 2016,[4] although the Indian government estimated late 2018.[5]
According to the Ministry of Power's Broad Status Report, construction had been underway on the project since 2010. However, as shown by archival photography on Google Earth and by records of expenditures reported by the Ministry of Energy in March 2017, progress had been slow, and it appeared that work had not progressed beyond foundation works. Of an estimated project cost of 359,500 Lakh, 150,00 were spent through the end of FY 2014/15, followed by the expenditure of only 500 Lakh in FY 2015/2016. Based on the low pace of recent expenditures, the project appeared to be on hold.[6]
Approvals received
As of 2010, the company reported the following approvals received:[2]
- Letter (Letter No. 7617/S1/2008) dated June 08, 2009 issued by State Port Officer, Tamil Nadu Maritime Board, Government of Tamil Nadu permitting IBPML to use the sea water and the port facility at Manappad.
- Application (Number CEA/Format/2009-10/12.01) dated December 12, 2009 has been made to the Central Electricity Authority for pre-qualification and for fixing inter-se priority of the proposed 2 x 660 MW thermal power project.
- Letter dated November 29, 2009 issued by the Tahsildar, Sattankulam certifying the 600 acres (approximately) land purchased by IBPML in and around Pallakurichi Village, Sattankulam Taluk,Thoothkudi District for the proposed thermal power project.
- Letter (Number J-13012/14/2008-IA.II (T)) dated April 23, 2008 issued by the Government of India, Ministry of Environment and Forests setting out the terms of reference for preparing the draft EIA report for the thermal power project. The environmental public hearing in this regard has taken place on April 06, 2010. The written approval of the MoEF is awaited.
- Approval dated January 29, 2010 from the Government of India, Ministry of Coal, for 70% of one unit of 1 x 660 MW i.e. 462 MW in accordance with the New Coal Distribution Policy, subject to special milestones and conditions.
Insolvency
IBPML began a corporate insolvency resolution process in 2017 in the National Company Law Tribunal, Hyderabad bench. In addition, state-owned Power Finance Corporation, Rural Electrification Corporation and India Infrastructure Finance Co Ltd accused the company and its directors of defrauding and siphoning off Rs 1,000 crore of public money. The companies alleged that the accused diverted the funds disbursed (loans) for the implementation of the 660 MW plant. The three companies – PFC, REC and IIFCL – together lodged a written complaint with the Economic Offences Wing (EOW) of Delhi Police in October 2018.[7]
In 2021, government documents summarized the following about the Tuticorin power station project: "Liquidation Order date 22.04.2019. Stay on Liquidation Order."[8][9]
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.[10]
In the June 2023 Broad Status report, the following update to the project's liquidation was provided: "Successful bidder has been identified. However, the Liquidation process has been stayed by the Hon’ble National Company Law Appellate Tribunal (“NCLAT”)."[11] The same was repeated in the November 2023 and April 2024 Broad Status reports.[12][13]
Articles and Resources
References
- ↑ "Projects Under Implementation," Ind-Barath Power website, accessed February 2012
- ↑ 2.0 2.1 2.2 "Ind-Barath Power Infra Limited," Draft Red Herring, June 21, 2010, p. 104-107, 437
- ↑ Environmental clearance, India MoEF, July 12, 2010
- ↑ "Projects under implementation," Ind-Barath Thermal Power website, accessed April 2015
- ↑ “Broad Status of Thermal Power Projects in the Country,” India Ministry of Power, September 2017
- ↑ "Broad Status Report," India Central Electrical Authority, March 2017
- ↑ "PFC, REC accuse Ind-Barath of Rs 1,000 cr loan fraud," DNA India, October 8, 2018
- ↑ “Broad Status Report,” Thermal Project Monitoring Division, Central Electricity Authority, November 2021
- ↑ "Indbarath Power unit goes into liquidation," Economic Times, April 26, 2019
- ↑ "Adani, Jindal Power Cos in Race to Buy Ind-Barath Thermal," Economic Times, June 22, 2022
- ↑ Broad Status Report of Under Construction Thermal Power Projects (June, 2023) Central Electricity Authority, Government of Inida, June 2023
- ↑ "Broad Status Report of Under Construction Thermal Power Projects" (PDF). Central Electricity Authority. November 2023.
{{cite web}}: CS1 maint: url-status (link) - ↑ Broad Status Report of Under Construction Thermal Power Projects (April, 2024), Central Electricity Authority, April 2024
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.
