Navabharat power project is a 1050(MW) coal plant proposed by Essar Energy at Dhenkanal district in Odisha, India. In its 2010 annual report Essar states that in July 2010 it “entered into an agreement for the acquisition of a 100% interest in Navabharat Power Pvt. Limited.
Central Bureau of Investigation (CBI) had filed a First Information Report (FIR) against Navabharat Power for the coal block allotted to it in Odisha in November 2008. The report charged that Navabharat misrepresented facts to get the coal block and then made a profit of Rs 200 crore by selling it to Essar Power. The CBI questioned executives of Navabharat and Essar Group director Vikash Saraf. According the CBI, Navabharat did not have sufficient net worth for the proposed plant, making the allocation illegitimate.
Sponsor: Essar Energy
Location: Dhenkanal district, Odisha
Coordinates: 20.65616, 85.604263 (Approx)
Status: Navabharat I – Shelved; Navabharat II – Cancelled
Capacity: Navabharat I – 1050 MW; Navabharat II – 1200 MW
Coal Source: Rampia Coal block ( Cancelled) and via Coal India mines
Permits: Environmental Clearance, India MoEF, Feb 8, 2008
- Essar Power’s Rs 11,000-crore investment awaits approval,” Rediff Business, November 3, 2013