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Web Exclusive | July 2013

Jindal power to expand at Rs 13,500 cr

Jindal Power (JPL), the energy wing of Jindal Steel & Power which owns and operates a 1,000 mw (4x250) thermal power station in Tamnar, Chhattisgarh, is taking up an expansion project at an estimated cost of Rs 13,500 crore, JPL Managing Director RS Sharma said. The 1,000 mw power plant, established in 2008, has been operating at a PLF of 95-98 per cent for the past two years and selling power through short term and medium term Power Purchase Agreement (PPA).

The expansion project of 2,400 mw has been divided into two phases of 1,200 mw (2x600 mw) each. The first phase of 1,200 mw has been granted coal linkage by the Centre. For the expansion project, a consortium of nine lenders led by the State Bank of India (SBI) has sanctioned a rupee term loan of Rs 5,418 crore to JPL for its 1,200 mw (2x600 mw) power pbeing implemented at Tamnar.

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