SV Power project (Renki) phase II

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SV Power project (Renki) phase II is a proposed 300 megawatt (MW) expansion of the power station at the site of a coal washery owned by SV Power, a subsidiary of KVK.

Location

The map below shows the location of Korba District, Chhattisgarh, India but not the exact location of the project.

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Background

In November 2011 the ratings agency Fitch stated that SV Power had been set up "by the Hyderabad-based KVK group to implement a project consisting of a 2.5mtpa coal washery and a 63MW washery reject-based power plant".[1]

On its website in 2012, KVK states that "a coal and coal reject based power project with a capacity of 2*150 MW to be expanded at the project site located at Renki village, Korba District, Chhattisgarh State. The land acquisition has been completed and has applied for the MoEF Approval and Fuel Linkage from South Eastern Coalfields Ltd . The State of Chhattisgarh shall be the beneficiary of 30% of the power generated and 70% to be sold to Merchant Basis. The Phase II of the power project with a capacity of 300 MW is planned to be commissioned in the XIIth Five Year Plan." (The 12th Five Year Plan is 2012-2017).[2]

As of May 2016 the project has yet to receive environmental permits, and appears to be shelved or abandoned.

Project Details

Sponsor: KVK
Location: Renki village, Korba district, Chhattisgarh
Coordinates: 22.353886, 82.750683 (approximate)
Status: Cancelled
Capacity: 300 MW (2 x 150 MW)
Type:
Projected in service:
Coal Source:
Estimated annual CO2: 1,774,110 tons
Source of financing:

Resources and articles

References

  1. Topworth Group, "Fitch rates SV Power's bank loans at 'Fitch BB-(ind)'/stable", Reuters, November 29, 2011.
  2. "Future Projects", KVK website, accessed February 2012.

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