25 MW Power Plant, Kanberi, Korba Chhattisgarh (Phase I)
Our Associate, Swastik Power and Mineral Resources Private Limited has set up a 25 MW blended coal based power project at Village Kanberi, District Korba, Chhattisgarh. The primary fuel for the Project will be coal rejects.
SPMRPL has been granted allocation of 1.7 million cubic meters per annum of water from the Hasdeo river by the Water Resources Department, Government of Chhattisgarh.
We have entered into a power purchase agreement with PTC India Limited for sale of 30 MW on take or pay basis. The agreement was subsequently revised by PTC India Limited and as per the revised terms, the power will be purchased by PTC India Limited on the best effort basis at the market determined tariff.
We hold 26% equity stake in Swastik Power and Mineral Resources Private Limited.