KSK Mahanadi Power Project

KSK Mahanadi Power Project is a coal-based thermal power plant(600×6) located in chhattisgarh India. It is owned and operated by KSK Energy Ventures, a private company.

Project description

This coal-fired power plant is located at Nariyara village in Akaltara tehsil of Janjgir-Champa district in the Indian state of Chhattisgarh. The approved capacity of the plant is 3600 MW (6×600 MW). The Engineering, procurement and construction contract was awarded to SEPCO of the People's Republic of China.[1]

The company had arranged long-term coal supply arrangements with the Gujarat Mineral Development Corporation and the Goa Industrial Development Corporation from the Morga-II and Gare Pelma-II coal blocks respectively. It has also been allocated tapering linkage arrangements with Coal India. [2] However, the supreme court judgment of 2014 on the Coal scam case led to cancellation of all allocations.

Progress

Project is of six units, each unit being 600 MW. Three of the six units have been commissioned so far.

Unit No.Generating CapacityCommissioned onStatus
1600 MW2013 MayRunning [3]
2600 MW2014 AugustRunning [4]
3600 MW2018 JanuaryRunning [5]
4600 MW......
5600 MW......
6600 MW......

Present status

The company is facing major issues, and financial institutions have begun the process of finding a suitable buyer for the project. Apart from seeking investors for the project, lenders also plan to change the management of a subsidiary which is implementing the raw water intake system for the project, and that of an associate developing the railway siding outside the plant boundary.

The company reported revenues of only Rs. 200 million (USD three million) in FY-2017, which is negligible if indeed 1200 MW of production capacity was operational during that year. The single reason for non-operation is the non-availability of coal. In 2014, the supreme court had cancelled wholesale all coal allocations made since 1993 by the government of India, which has held a monopoly on coal mining since nationalization in the 1950s. Thus, all private companies were tarred with the same brush.

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References
  1. "Archived copy". Archived from the original on 2014-02-09. Retrieved 2014-03-20.CS1 maint: archived copy as title (link)
  2. Unit-I commissioned in May 2013
  3. V. Rishi Kumar (2013-05-20). "KSK Energy commissions 600-MW unit I of Mahanadi project | Business Line". Thehindubusinessline.com. Retrieved 2017-07-06.
  4. "KSK Energy Ventures Limited". Ksk.co.in. 2016-03-31. Retrieved 2017-07-06.
  5. "KSK MPCL commissions 3rd units of 600 MW;". Ksk.co.in. 2018-01-31. Retrieved 2018-05-15.

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