Usegaon Thermal Power Project
Sector: Automotive • Location: Maharashtra, India
Source: World Bank Group
In 2007, Gupta Group signed a contract Government of Maharashtra (GoM) for development of thermal power plant in Usegaon, Chandrapur district of Maharashtra. The project involves development of 120 MW (2*60 MW) coal-based power plant. The consortium established Gupta Energy Private Limited (GEPL), a special purpose vehicle, to implement the project. Gupta Group bagged the tender on a negotiated ba
- Status
- Prospective
- Sector
- Automotive, Geothermal, Power Generation (CCGT), Government, Commercial
- Location
- Maharashtra, India
- Updated
- 22 Jul 2026
- Source
- World Bank Group
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Project Information
Participants
Sponsoring Agency |
Status
Original status | Active |
Taiyo status | Prospective |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | In 2007, Gupta Group signed a contract Government of Maharashtra (GoM) for development of thermal power plant in Usegaon, Chandrapur district of Maharashtra. The project involves development of 120 MW (2*60 MW) coal-based power plant. The consortium established Gupta Energy Private Limited (GEPL), a special purpose vehicle, to implement the project. Gupta Group bagged the tender on a negotiated basis. The project achieved its financial closure in October 2008 with a debt equity ratio of 70:30. The project was expected to cost approximately USD 152 million. GEPL expects to finance this project through an equity contribution of USD 46 million and a loan of USD 106 million. In October 2008, USD 106 million loan was arranged to finance the project. Axis Bank Ltd was the sole book runner in a deal in which several Indian banks were lenders. Construction began in April 2008 and was expected to be completed by September 2010. |
Original sector | Energy |
Budget |
Location
Country | India |
State | Maharashtra |
Source
Source reliability | High |
Source | World Bank Group |
URL |
More Details
Record type | Project |
Sector | Automotive, Geothermal, Power Generation (CCGT), Government, Commercial |
Article published date | 2023-02-20 |
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