Shimla: Ministry of Environment and Forest, Government of India has accorded Environmental clearance to 2 x 660 MW (1320 MW) Super Critical Buxar Thermal Power Project of public sector SJVN Limited. The project is being set up at Village Chausa of District Buxar in Bihar.
R.N. Misra, Chairman & Managing Director told that 95% of land required for the project activities has already been acquired. No displacement is involved in the construction of project moreover no forest land is involved for the project activities including pipelines and associated facilities.
He further told that the annual coal requirement of the project is 6.7 MT, which will be met out from allocated coal field and imported coal. The MoU for imported coal has already been signed with M/s MMTCL, which will be received at Haldia Port. The domestic and imported coal will be transported through railways and Eastern Railways has already provided in-principle approval in this regard.
Misra said that the water required for the operation of the project will be drawn from the river Ganges, necessary water allocation has already been granted by Government of Bihar. After commissioning the project will produce 9828 Million Units of electricity every year. The tentative tariff for the first year of generation is Rs. 3.38 per unit.
The project will be executed through SJVN Thermal Private Limited (STPL), which is a wholly owned subsidiary of SJVN Limited. The project will be financed by SJVN Limited through its own resources and loan from financial institutions on 70:30 debt equity ratio. The cost of the project at April, 2014 price cost is Rs. 9591.72 crores.