Salaya power plant
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The Salaya power plant is a proposed 3000 megawatt (MW) power station proposed by Essar Power Gujarat, a subsidiary of Essar Energy. The company has proposed to build the plant in three stages - the coal-fired Salaya I and Salaya II power plants each of 1200MW and the petroleum coke-fired 600MW Salaya III plant. The plant is proposed to be built near the company's oil refinery complex at Vadinar, Jamnagar district, Gujarat, India.[1]
Contents
Fuel supply
The company states that coal for stages I and II will be based on imported coal from the company's "captive coal mines in Indonesia and Mozambique." The company is proposing that Stage III be fuelled by petroleum coke which "is expected to be supplied by the Vadinar refinery after the completion of the Phase I Refinery Project."[1]
The company intends that coal for the power station be imported through the proposed Salaya port, which it stated in its April 2010 Prospectus was being "developed by Essar Bulk Terminal, an Essar Affiliated Company."[2]
The company states that it has entered into a 25-year contract from 15 September 2010 with Essar Shipping and Logistics for the carriage of "3.6 to 4.4 mmt of coal per year in bulk from Richards Bay in South Africa, or Tanjung Bara in Indonesia, to the Salaya port in India."[3]
Power Purchase agreement
In its 2010 Prospectus Essar Energy states that on 26 February 2007, it "entered into a 25-year PPA with GUVNL for the sale of 1,000 MW per year of power, with power supply from the first and second units commencing in February 2011 and August 2011, respectively."[3]
Financing
In its April 2010 Prospectus Essar Energy stated that "in September 2008 Essar Power Gujarat entered into a rupee denominated loan facility agreement with the State Bank of India and certain other lenders for Rs. 25.525 billion (US$546.80 million). In addition, in May 2009 Essar Power Gujarat entered into a rupee denominated loan facility agreement with ICICI Bank Limited for Rs. 10.250 billion (US$219.58 million) and with Essar Power for Rs. 375 million (US$8 million)."[2]
Project Details
Sponsor: Essar Energy
Location: Vadinar, Jamnagar district, Gujarat, India
Coordinates: 22.401983,69.721441 (approximate area)
Status: Under construction
Nameplate capacity: 2,400 MW coal-fired
Type:
Projected in service:
Coal Type:
Coal Source: Stages 1 & 2 coal from company owned mines in Indonesia and Mozambique
Estimated annual CO2: 14,192,882 tons from the coal-fired plant only
Source of financing:
Resources and articles
Related SourceWatch articles
References
- ↑ Jump up to: 1.0 1.1 Essar Energy, "Power", Essar Energy website, accessed February 2012.
- ↑ Jump up to: 2.0 2.1 Essar Energy, "Prospectus", April 2010, page 98. (Large pdf)
- ↑ Jump up to: 3.0 3.1 Essar Energy, "Prospectus", April 2010, page 99. (Large pdf)
