Meenakshi Energy Thermal Power Project
Meenakshi Energy Thermal Power Project is a 300-megawatt (MW) coal plant completed in 2012 and 2013 in Andhra Pradesh, India. It is listed by the Central Electricity Authority as Thamminapatnam Thermal Power Plant.
A new 350 MW unit was completed in 2018. Another 350 MW unit is under development.
The undated satellite photo below shows the plant in Thamminapatnam village.
Meenakshi Energy Thermal Power Project is a 300 MW coal project built by Meenakshi Energy in Andhra Pradesh. According to the Central Electricity Authority (September 2012), the first unit of 150 MW was commissioned in September 2012 and the second unit of 150 MW was commissioned in April 2013. According to the company web site, "The first phase of the Project (300 MW) has been configured in a unique 'part tolling-part merchant' configuration with PTC India Limited."
In 2013 French energy company GDF Suez (later renamed Engie) spent $400 million to acquire a 74 per cent stake in Meenakshi Energy, including the Meenakshi power station. Indian developer Meenakshi Group owns the remaining 26 per cent stake. The Hindu stated a 700 MW addition to the plant was under construction and expected to be completed by 2015 to 2016. Engie gradually increased its share to 89%.
In August 2015 Engie said it was planning to sell its controlling stake in the Meenakshi plant. The French government, which owns a third of Engie, wants to reorient state-backed companies toward renewables, after a sustained public opposition campaign to French financing of fossil fuel projects. The planned 700 MW were reported as under construction, and are planned for operation in 2017-2018.
In February 2016 Engie sold its majority stake in the plant to India Power Corp, a Kanoria family trust entity with interests in wind and thermal power.
In May 2018 the India Power Ministry said progress on the project was slow: "due to financial problem, work at site remained closed for a long time."
According to the India Ministry of Power, unit 3 was commissioned in April 2018. There is no estimated date for unit 4, with construction stalled due to "non availability of Boiler Licence."
Sponsor: Meenakshi Energy
Parent: India Power Corp (89% ownership), Meenakshi Group (11% ownership)
Location: Thamminapatnam village, Chillakur mandal, Nellore district, Andhra Pradesh
Coordinates: 14.2111946, 80.0900615 (exact)
- Phase I Unit 1: 150 MW
- Phase I Unit 2: 150 MW
- Phase II: 350 MW
- Phase III: 350 MW
- Phase I Unit 1: Operating
- Phase I Unit 2: Operating
- Phase II: Operating
- Phase III: Construction
- Phase I Unit 1: commissioned September 2012
- Phase I Unit 2: commissioned April 2013
- Phase II: commissioned April 2018
- Phase III:
Estimated annual CO2:
Source of financing: 10-07-2010 - Loan agreement signed with SBI & other Banks, SBI as lead lender
Permits and applications:
- Phase I: Environmental clearance, India MoEF, Oct 19, 2009
- Phase II: Environmental clearance, India MoEF, Oct 19, 2009
- Phase II: Environmental clearance extension, India MoEF, Oct 9, 2013
- Phase III: Terms of reference, India MoEF, Dec 9, 2010
Articles and resources
- Monthly Report on Broad Status of Thermal Power Projects in the Country, Central Electricity Authority, November 2013
- "Our Vehicles for Implementation," Meenaskshi Energy website, accessed October 2013
- "Ongoing initiatives," Meenakshi Energy website, accessed August 2014
- "GDF to pick up 74% stake in Meenakshi Energy," The Hindu, December 17, 2013.
- "CODs for coal based thermal power plants," Government of India Ministry of Power Central Electricity Authority,"] Dec 24, 2014
- "Engie to sell stake in Meenakshi plant," Live Mint, Feb 25, 2016
- "Engie Said to Plan Over $1 Billion Sale of Asian Coal Plants," Bloomberg, Aug 17, 2015
- "Monthly Report on Broad Status of Thermal Power Projects in the Country," Government of India Ministry of Power, July 2016
- "LOK SABHA STARRED QUESTION NO.545 ANSWERED ON 05.04.2018 ," India Power Ministry, Apr 5, 2018
- "Monthly Report on Broad Status of Thermal Power Projects in the Country," Government of India Ministry of Power, April 2018