Visa Power Jharkhand project
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Visa Power Jharkhand project is a cancelled power station in Seraikela-Kharsawan, Jharkhand, India.
Location
Table 1: Project-level location details
| Plant name | Location | Coordinates (WGS 84) |
|---|---|---|
| Visa Power Jharkhand project | Seraikela-Kharsawan, Jharkhand, India | 22.74199, 85.872574 (approximate) |
The map below shows the approximate location of the power station.
Project Details
Table 2: Unit-level details
| Status | Fuel(s) | Capacity (MW) | Technology |
|---|---|---|---|
| cancelled | coal: unknown | 2640 | unknown |
Table 3: Unit-level ownership and operator details
| Owner | Parent |
|---|---|
| VISA Power Ltd [100%] | VISA Infrastructure Ltd [100.0%] |
Financing
Source of financing:
Background
On its website VISA Power states that it has signed an MoU with the Government of Jharkhand on 5th February 2008 "for setting up a 2,640 MW integrated power plant." It also states that "the Company has identified the location of the project and is about to commence land acquisition process." It describes the project as in "initial stage of planning."[1][2]
In 2011 the private equity firm Blackstone expressed interest in purchasing Visa Power, but backed out in 2013, saying the power company had failed to meet certain milestones due to a lack of resources.[3]
As of May 2016 the project has yet to receive environmental permits, and appears to be abandoned.
Articles and Resources
References
- ↑ Lanco, "Sahibgunj, Jharkhand,", Visa Power website, accessed March 2014.
- ↑ PENDING APPLICATION OF IPP UP TO 2ND FEBRUARY, 2009, Ministry of Coal, February 2009, p. 13 (#168)
- ↑ "Blackstone calls off deal with Visa Power," Business Standard, Feb 28, 2013
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.
