New Delhi: Infrastructure Leasing & Financial Services Ltd (IL&FS) plans to set up a 4,000 MW coal-fired power plant in Gujarat and has sought long term fuel supply from the government for the project.
IL&FS in October wrote to the Coal Ministry saying it plans to set up the 4,000 MW project near Mota Lyja in Kutchh district of Gujarat through its subsidiary Nana Layja Power Co Ltd (NLPCL).
The project, scheduled to start in June 2017, would be fired by 70 percent indigenous coal and the balance would be imported.
"NLPCL has already initiated for tie-up of 30 percent of total required coal from mines of Australia/ Indonesia/ USA/ South Africa," it wrote seeking long-term coal linkage from domestic mines for 70 percent of the total requirement.
The project will need 16 million tonnes per annum of coal, of which 30 percent or 4.8 million tonnes will be imported. The balance 11.2 million tonnes will be sourced from domestic mines.
The coastal thermal power plant is being set up as a unit of SEZ planned by IL&FS in Gujarat.
The project would require about 1,350 acres of land, most of which has already been acquired by the SEZ company and NLPCL has entered into an MoU for transfer of the land on 45-year lease basis.
IL&FS said the detailed project report has been completed. Eighty five percent of the power generated at the plant would be sold through long-term agreements.
"The project would be connected through PowerGrid Corporation of India Ltd's transmission lines up to the nearest regional/national grid system," it said.
Imported coal would be unloaded at a port around 8-km south of the project site. Permission has been sought from Gujarat Maritime Board for the building the jetty.
IL&FS said it plans to achieve financial closure (tying up of funds) for the project by August next year.
The project may either have five units of 800 MW each or six units of 660 MW each.