Sapos power project (Suryachakra), according to a description on the website of the sponsor, Suryachakra Group, “The project shall be implemented in two phases of 660 MW each. SECPL has a MoU with the Government of Chhattisgarh and the State Investment Promotion Board provides necessary support by way of clearances and approvals. The company has been allocated land and water. Central Electricity Authority has already recommended to the Ministry of Power for coal linkage. The company’s coal linkage application is under active pursuance by the Ministry of Coal, Government of India. SECPL’s SPV Suryachakra Energy (Chhattisgarh) Pvt. Ltd, has entered into a MoU with a State Mineral Development Corporation for allotment of coal under Government Dispensation Scheme(GDS).”
According to a May 2010 report in Hindu Business Line, the project will be implemented through a debt-equity ratio of 75:25, with suppliers credit from “the Danish company and Punj Lloyd.” The company has enlisted the services of SBI Caps to complete the funding requirements for the project, according to Suryachakra Power managing director Dr. S.M. Manepalli.
As of March 2015, there are no permits allocated to the project on the India Ministry of the Environment and Forest website.
Sponsor: Suryachakra Group
Location: Sapos village, Dabhra tehsil, Janjgir-Champa district, Chhattisgarh
Coordinates: 21.756311, 83.167477 (approximate)
Capacity: 1,320 MW (2 x 660 MW)
- “Suryachakra signs deals for Chhattisgarh plant equipment,” Hindu Business Line, May 25, 2010