600 MW Power Plant, Raigarh, Chhattisgarh
We are implementing a 2 x 300 MW coal-based thermal power plant at Nawapara Village in the Raigarh district, Chhattisgarh. The project is owned by TRN Energy Private Limited, a subsidiary of ACB (India) Limited. ACB holds 51% stake in TRN Energy. The proposed commissioning date of the first unit is September 2013 and the second unit is December 2013.
The total land requirement for project is approximately 548 acres out of which about 160 acres land is acquired which is adequate for the main island of the project. We are currently in the process of acquisition of the remaining land.
The primary fuel for the Raigarh Power Project will be coal. We have been granted a long-term coal linkage for 2.60 million tons per annum by the Standing Linkage Committee, Ministry of Coal under a letter of assurance from South Eastern Coalfields Limited dated July 3, 2009. The raw coal will be transported by road from the mine to the project site, as the mine is at a distance of approximately 10 kilometers from the project site.
We have been granted the allocation of 19 million cubic meters per annum of water from the river Kurket on December 3, 2009 by the Water Resources Department, Raipur. The river Kurket is at a distance of approximately 4 kilometers from the site of the Raigarh Power Project. We intend to transport the water to the project site by a water pumping station and a pipeline network.
We have entered into a power purchase agreement with Chhattisgarh State Power Trading Company Limited for sale of 5% of the net power generated at variable cost and 30% of the aggregate capacity of Project in accordance with the tariff structure laid down in the PPA. In addition, we expect to sell 250 MW through a long-term PPA with a bidder appointed through competitive bidding, with the balance to be sold through short-term agreements to third parties on a merchant basis. We also expect approximately 9% of the power generated to be lost through auxiliary consumption and transformation losses. We have been granted long-term open access by Power Grid Corporation through their Tamnar Pooling Station and entered into a bulk power transmission agreement with Power Grid Corporation.