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BSES Andhra Power

Sector: Power Generation (CCGT) • Location: India

Source: World Bank Group

Project
Active

BSES Andhra Power is to establish a 230-MW naphtha-fueled combined cycle power plant in Kakinada. BSES Andhra is a joint-venture of BSES Ltd. (70%), SEW Construction (15%) and Prasad & Co. (15%). The company has a 15-year power purchase agreement the state electricity grid.

The US$165 million project reached financial closure in mid-2000 (US$ 115 million in debt provided by the State Bank of I

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The project “BSES Andhra Power” is an infrastructure initiative in the Power Generation (CCGT) sector, located in India. Taiyo aggregates data on it from World Bank Group.

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Description

Description

BSES Andhra Power is to establish a 230-MW naphtha-fueled combined cycle power plant in Kakinada. BSES Andhra is a joint-venture of BSES Ltd. (70%), SEW Construction (15%) and Prasad & Co. (15%). The company has a 15-year power purchase agreement the state electricity grid. The US$165 million project reached financial closure in mid-2000 (US$ 115 million in debt provided by the State Bank of India and a consortium of other Indian banks, and US$ 50 million in equity). The EPC contract was awarded to Ansaldo Energy, which will work with BSES's own EPC group. In 2003, Reliance Group picked up a 58.2 percent stake in BSES. None None

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