JSW Steel signed a pact with West Bengal government on 11 January 2007 to set up a 10 million tonne steel plant and Salboni power plant for captive use in steel plant at Salboni. This will be the largest single investment in Bengal to this time. The plant will be established on a 5,000-acre (2023 hectare) plot. District magistrate has stated that some 95% of the land for the Jindal project is fallow, barring a few acres in two mouzas, inhabited by tribals. And JSW Energy a subsidiery of JSW Steel also announced that it will install the captive power unit of 300 MW and got the environment approval for the same and in late 2014 JSW Energy also indicated that it will go for two more units of 660 MW.
The first phase of the steel project will need an investment of Rs. 15,000 crore that would include a 3-million tonne steel plant, a 600 MW captive power plant, an independent 1,000 MW power plant, development of coal mines and a berth in the Haldia port. The next two phases will need investment of Rs. 10,000 crore each to enhance steel production to 10 million tonnes.
the size of the proposed project was referred to as comprising just two 660 MW supercritical units. In a presentation to investors, JSW Energy stated that the land for the project had been acquired and that a supplementary agreement with West Bengal State Electricity and Distribution Company had been signed for 40% of the output from units 2 & 3.
A January 2012 presentation to investors announced that Phase I (300 MW) was being transferred to JSW Bengal Steel Ltd. to enable JSW Bengal Steel to set up a captive power plant (subject to consents). An investor presentation by JSW Steel mentions a 300 MW captive thermal power plant — referred to as CPP-IV — and states that the completion date is FY12 end.
In November 2013 it was reported that the integrated steel plant by JSW Bengal was failing to take off, as the company was unable to get iron-ore linkages for the steel project. JSW Bengal said the company was advised by the state government to venture into power, and would begin construction on a 660 MW power station at the site in April, 2014. No mention was made of other proposed units thereafter the proposed power project of 1320 MW hangs in balance.
Sponsor: JSW Bengal Steel
Location: near Salboni village, West Medinipur district, West Bengal
Coordinates: 22.641998, 87.32392 (approx)
Capacity: Phase I: initially 300 MW, Phase II: 1,320 MW (2 x 660 MW)
Permits and applications: Terms of Reference for 660 MW plant, India MoEF, January 7, 2014
- JSW Energy to commission 1600-Mw Salboni plant by 2014, Business Standard, July 6, 2010.
- Analyst Meet Presentation Quarter Ended 31 Dec 2011, JSW Steel
- JSW Bengal to commence Salboni project with power, Economic Times, Nov 15, 2013.
- April start for JSW Salboni power plant, The Telegraph, Nov 15, 2013.
- Terms of Reference for 660 MW plant, India MoEF, January 7, 2014.
- JSW puts Salboni project on hold, returns land to farmers, Indian Express, Dec 16, 2014
- For more information on JSW and Sajjan Jindal on NDTV