The MoEF has given environment clearance to phase I of the proposed Patratu Super Thermal Power Plant in Ramgarh to set the ball rolling for civil works soon and likely production by 2021.
The power plant undertaken by Patratu Vidyut Utpadan Nigam, a joint venture between Jharkhand Bijli Vitran Nigam and National Thermal Power Corporation, is proposed in two phases -3x800MW and 2x800MW – making its total capacity 4,000MW.
The entire power project is said to cost around Rs 16,000 crore, with NTPC financing it and the state participating in a cashless equity while providing land and water linkages.
On Monday, Rahul Purwar, managing director of state’s power generating and distribution companies Jharkhand Bijli Utpadan Nigam and Jharkhand Bijli Vitran Nigam, said with the environment clearance, Bharat Heavy Electricals Ltd roped in by the joint venture company could start constructing the plant’s first phase.
In May 2015, the state and NTPC signed an MoU to set up this 4,000MW plant in Patratu to replace the existing ailing 840MW one after which the JV Patratu Vidyut Utpadan Nigam was floated in October that year. In it, Jharkhand Bijli Vitran Nigam holds 26 per cent stake and NTPC the rest.
The ailing Patratu plant shut this January.
Purwar added that the state was also exploring options on the semi-built power plant in Chandwa, Latehar, once owned by Abhijeet Group. Recently, Mumbai-based Assets Reconstruction Company (India) Ltd (Arcil), which acquired the properties of the plant to auction/sell them and repay loans of over Rs 5,000 crore to a consortium of banks and financial institutions, told the state they had not yet found bidders/buyers.
Input from: The Telegraph