Modi lays foundation stone for 1320 MW thermal power project

SHIMLA: Prime Minister Narendra Modi on Saturday unveiled the Foundation Stone of 1320 MW Buxar Thermal Power Project being constructed in Bihar, at a function held at Greater Noida.

The Project based on Green Field Super Critical technology is being implemented by SJVN Thermal Private Limited a wholly owned subsidiary of SJVN Limited. The estimated cost of super critical 1320-Megawatt Buxar Thermal Power Project is Rs. 10,439 crores at January 2018 price levels.

The foundation stone laying ceremony at Chausa, Buxar, Bihar was graced by Union Minister of State (Independent Charge) for Power & NRE, Raj Kumar Singh, Union Minister of State for Health & Family Welfare, Ashwini Kumar Choubey, Energy Minister of Bihar, Bijender Prasad Yadav, and Member of Legislative Assembly from Buxar, Sanjay Kumar Tiwari. Chairman & Managing Director, SJVN, Nand Lal Sharma, along with Director (Electrical), Rakesh Kumar Bansal, CEO, SJVN Thermal Private Limited S.C Agarwal and other senior officers from SJVN also attended the function.

Nand Lal Sharma Chairman & Managing Director, SJVN informed that the Project located at Chausa in Buxar district of Bihar, will result in direct and indirect employment to around 2400 persons. The Project is very crucial for the industrial development of the area, which would also act as a multiplier for employment generation and overall growth of the entire region. The project is planned to be commissioned during the year 2023-24.

Nand Lal Sharma further informed that, the project will have two units of 660 MW each and generate 9828 million units of electricity annually. He asserted his resolve that SJVN will be completing this project within stipulated time frame and this project will be a major milestone for SJVN to become 5000 MW company by 2023.The project has been planned with special features to perform as per the latest environmental norms. The project is based on Super Critical technology, closed cycle water re-circulation system for zero discharge concepts. The coal requirement for the project has been tied-up and it will be supplied by Central Coal Limited (CCL), a subsidiary of Coal India Limited (CIL) while the State Transmission Utility, Bihar has already approved power evacuation system for this project.

Nand Lal Sharma further stated that in terms of the Power Purchase Agreement entered into with the Government of Bihar the project will provide at-least 85% of power generated to the state which will not only reduce demand supply deficit of Bihar in terms of current power scenario but will also boost industrial activity in the state.

SJVN's present installed capacity is 2003 MW and projects of 4798 MW are under various stages of development. SJVN has presence in various sectors of energy generation which includes Hydro, Wind & Solar. The company has also presence in the field of Energy Transmission.