Tata Ultra Mega

completed

Coastal Gujarat Power Limited (CGPL or the company) will build, own and operate a 4,000 MW (5 units of 800 MW each) ‘ultra mega’ imported coal, supercritical technology and once through sea water cooling based power plant at Tundawand Village, Taluka Mundra, District Kutch in the state of Gujarat, India. The project will be the first 800MW unit size supercritical plant in India, and hence, will be amongst the most energy efficient coal fired power plant of the country, contributing to the country’s coal fired power sector energy efficiency and CO2 emissions performance improvement. The current project plan includes a dedicated railway system from Mundra port to transport coal to the plant and two open channels to the sea for intake and discharge of condenser cooling sea water, which will be approximately 6.5 km and 4.9 km in length respectively. The project includes transmission lines, which are associated facilities, to be constructed, operated and maintained by Powergrid Corporation of India Limited (PGCIL). The project, awarded by India’s Ministry of Power (MoP) through tariff based competitive bidding, is being sponsored by Tata Power Company Limited (Tata Power or the sponsor, India’s largest private power utility). CGPL, established as a wholly owned subsidiary of Power Finance Corporation Ltd, carried out the early/project conceptualization stage social and environmental assessment, participated in the environmental public hearing of September 2006 and obtained environmental and other regulatory clearances, including initiation of land acquisition process all before March 2007, before CGPL was transferred to the successful bidder, Tata Power in this case, in April 2007. CGPL will sell its generation to the utilities of five different states (the procurers) in the power starved regions of western and northern India through long term 25 year take-or-pay Power Purchase Agreements (PPAs). In order to facilitate the development of ultra mega power projects, the GoI, through Power Finance Corporation Ltd, has taken care of providing necessary clearances through established administrative mechanism and securing land and other facilities for selected bidders. IFC is considering providing debt and equity to CGPL.