270 MW Power Plant, Korba, Chhattisgarh
The company has set up 270 MW blended coal (blend of coal rejects and raw coal) fired power project in the Korba district, Chhattisgarh. The power project has been commissioned in two units of 135 MW each, resulting in an expected aggregate designed capacity of 270 MW. First unit of the plant was commissioned on December 13, 2011 and the second unit was commissioned on June 21 2012.
The project is located adjacent to our coal beneficiation operations in the Chakabura Village in the Korba district, Chhattisgarh. The project site for the Korba Power Project is accessible by the Korba-Champa highway and Katghora Bilaspur Highway. In addition, the Korba Power Project will have ease of access to the Sipat Pooling Station, from which power is being transmitted to the Gujarat State Transmission Utility Network.
The primary fuel for the Korba Power Project is coal rejects which is being purchased from Gujarat State Electricity Corporation Limited pursuant to long term fuel supply agreement. The coal rejects are to be blended with raw coal for which the company has applied for coal linkage. Presently company does not have coal linkage for the project and therefore the company is sourcing raw coal from e-auction. Also the company is reprocessing a portion of coal rejects for improving GCV. The reprocessed/blended coal rejects is being transported at the Korba Power Project through conveyors from the coal beneficiation plant.
We have entered into a long-term PPA dated February 26, 2007 with Gujarat Urja Vikas Nigam Limited for the sale of approximately 200 MW of electricity generated by the Project. Power Grid Corporation of India Limited has granted open access through its 400 KV pooling substation in Sipat, which is located approximately 55 kilometers from the Korba Power Project. We have entered into a power purchase agreement dated December 5, 2013 with Chhattisgarh State Power Trading Company Limited for sale of 5% of the net power generated at variable cost.