Coastal Andhra Power belonging to Reliance Power has achieved financial closure for its 4000 MW Krishnapatnam Ultra Mega Power Project. The Rs.17,500 crore project is being financed at a 75:25 debt equity ratio with Power Finance Corporation acting as the lead manager.
A consortium of banks & financial instituitions including Rural Electrification Corp, LCI, UCO Bank, Andhra Bank, Corporation Bank, Punjab National Bank, Indian Overseas Bank, Andhra Bank , State Bank of Bikaner and Jaipur, State Bank of Hyderabad, Vijaya Bank, Punjab and Sind Bank, Yes Bank and Indian Bank will be participating in the financing arrangements.
Project History , Details & Status :
Date of Issue of Letter of Intent : November 11, 2007
Date of Transfer of SPV ( Coastal Andhra Power ) to developer :January 29, 2008
Date of Signing of PPA : March 23, 2007.
Land Acquisition : Completed
Transmission Lines : PGCIL has planned development of Transmission lines as per commissioning schedules as informed during presentation in JMC meeting held on 18.11.09.Land for the proposed substation has been identified.
Financial Closure : Achieved in July 08, 2010
Order for Main Plant : BTG ( Boiler, Turbine, Generator) awarded by Reliance Infra in Oct. 2009.
Progress at Site : For Boundary Wall / Fencing-Foundation, Plinth beam works and brick wall in progress. Area grading in Main Plant completed. .BTG area ready for piling work. Leveling in other area is in progress. Batching plant completed. Site office and store completed.
Studies & Investigation
Soil Investigation - Draft Final report received in May 2009
Area Drainage Studies - Draft Report received and SGL, area drainage finalized in March 2009
Water intake study – MoEF(CRZ) clearance obtained on 12.06.09 for on shore pump house in December 2008
Testing of construction material and mix design Completed in January 2009
Seismic study Completed in Sep 2008
Ash pond leaching study – Draft report received in Nov. 2009
Fuel Logistic study Completed in December 2008
Railway Siding study – In principle approval received from South Central Railway on 17.07.09.
Engineering
Main Plant Equipment
a. LOI for BTG issued by EPC Contractor.
b. Plant Engineering being finalized
c. Orders for BOPs yet to be placed.
Appointment of Independent Engineer : Issue taken up with the lead procurer. Lead procurer to take necessary action.
Pre-Award Works :
Site Office, Stores & Miscellaneous Civil Works : Completed in June 2009
Boundary Wall/Fencing Work in progress. To be completed in September 2010
Area grading in main plant area : Completed in December 2009.
Commissioning Schedule :
( Originally Proposed)
First Unit – September, 2013
Last Unit – June 2015
However, the company has informed BSE that the project will be commissioned 8 months ahead of the schedule.
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