Jharsuguda Ind-Barath power station

Jharsuguda Ind-Barath power station is a proposed coal-fired power plant to be set up by Ind-Barath Energy (Utkal) Ltd., a subsidiary of Ind-Barath Power, in the state of Orissa.

Location
The projects is located in the village of Sahajbahal, Lakhanpur tehsil, Jharsuguda district, Orissa.

Phase I: 700 MW
Phase I of the plant consists of two 350 MW units. An environmental impact assessment of the project was completed in January 2009

In 2011, Ind-Barath filed a draft prospectus to raise more than $200 million via an initial public offering (IPO). The IPO attempt failed "due to volatile market conditions."

In March, UK-based private equity firm 3i Group said that its India infrastructure fund was investing about $45 million for a minority share of Ind-Barath Energy (Utkal) Ltd.

In August 2011 a press report stated that the Ind-Barath company was seeking to raise Rs 1,000 crore through private equity, after shelving its IPO.

In December 2011, Reuters reported that Ind-Barath was in talks to raise about $150 million from TPG Capital and Apollo Global Management.

According to the Central Electricity Authority (September 2012), the project is under construction with the first unit expected to be commissioned in February 2013 and the second unit expected to be commissioned in May 2013.

Phase II: 1320 MW
Currently, the plant requires a total of 820 acres of land, of which 95 per cent is privately owned.

Project Details
Sponsor: Ind-Barath Energy (Utkal) Ltd., a subsidiary of Ind-Barath Power Location: Sahajbahal village, Lakhanpur tehsil, Jharsuguda district, Orissa Coordinates: 20.66, 83.93 (exact coordinates from Environmental Impact Assessment) Status: Phase I: Construction; Phase II: Proposed Nameplate capacity: Phase I: 2 x 350 MW; Phase II: 1320 MW Type: Projected in service: Phase I: 2013 Coal: The company has received a letter of assurance from Mahanadi Coalfields for supply of 1.12 million tonnes per annum of Grade F coal towards a 250 MW power project. Estimated annual CO2: Source of financing: The sponsor has entered into a term loan agreement with a number of banks including Andhra Bank, Axis Bank, Bank of India, Bank of Baroda, Corporation Bank, Jammu & Kashmir Bank, Karnataka Bank, Karur Vysya Bank, L&T Infrastructure Finance Company Limited, Punjab National Bank, UCO Bank, Union Bank of India, and United Bank of India. About half of the debt financing for the project is from Power Finance Corporation.

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