Bhagalpur Power Project is proposed by by Adhunik Power and Natural Resources. A mid-2011 news report stated that a coal allocation for the project had not been made. The proposed commissioning date was 2013.
The State Investment Promotion Board (SIPB) approved the proposed power project on February 1, 2010. In June 2010 the approval was amended at the request of the company, to “establish that project at Pirpainti Block, Bhagalpur in the new name as M/S Ganga Power & Natural Resources. The company’s proposal was further amended in January 2011 for the project to be expanded to a 2640 MW plant established in two phases. The SIPB also notes that another Adhunik Group subsidiary, Adhunik Metaliks, had proposed a 2.2 million tonnes per annum steel mill at Kahalgaon, which was approved by the board in February 2010. It is unclear whether the proposed power station is intended as a captive power station for the steel mill.
An August 2011 investor presentation by the Adhunik Group refers to the project as a 1320 MW project. It also notes that a coal linkage had been applied for, a water allocation yet to be approved, part of the land is still to be acquired, environmental clearance is still to be approved and transmission to the grid is awaiting approval. The company had yet to start organising finance for the project.
Sponsor: Ganga Power & Natural Resources
Parent: Adhunik Power and Natural Resources
Location: Kahalgaon village, Bhagalpur district, Bihar
Coordinates: 25.263540, 87.234444 (approximate)
- Phase I: Pre-permit development
- Phase II: Cancelled
Capacity: 2640 MW total
- Phase I, unit 1: 660 MW
- Phase I, unit 2: 660 MW
- Phase II: 1320 MW
Source of financing:
Permits: Terms of Reference, India MoEF, Dec 2, 2009
- Arindam Sinha, “540MW Adhunik power Jharkhand units to start output by March’12”, Financial Express, June 1, 2011.
- State Investment Promotion Board, “Proposals Approved by State Investment Promotion Board (SIPB)”, State Investment Promotion Board website, December 2011, pages 10 & 25.
- “Steel sector revival around the corner?” Steel Insights, May 10, 2014