Bhaiyathan Thermal Power Project

Indiabulls CSEB Bhaiyathan Power Limited (ICBPL), a subsidiary of the Indiabulls Group Company Indiabulls Power Limited. (IPL), is developing a 1,320 MW coal-fired thermal power project at Bhaiyathan in the State of Chhattisgarh. The Bhaiyathan Power Project is being developed through a PPP model with the Chhattisgarh State Electricity Board. The Company was awarded to build, own,operate and maintain this Bhaiyathan project through a competitive bidding process.

The Bhaiyathan Power Project is situated at a site adjoining the Mohanpur (Masira) and Lodhima villages near Bhaiyathan Tehsil, Surguja district, in the state of Chhattisgarh. The Bhaiyathan Power Project is located approximately 10 km from the NH-78 connecting Ambikapur and Baikunthpur. The nearest railway station situated at Surajpur road is approximately 4 kms from the project site.

ICBPL and CSEB have entered into a long-term PPA dated October 13, 2008 for the sale of 65% of power that will be generated by the Bhaiyathan Power Project aggregating approximately to 858 MW of electricity. The PPA is for a term of 25 years from the date of commencement of commercial operation of the power project. ICBPL proposes to sell the remaining power capacity on merchant basis. ICBPL will construct a 400 kV double circuit transmission line from the project site to the interconnection point for evacuating the entire power produced at the Bhaiyathan Power Project.

Regulatory Approvals

The Project has got almost all the statutory regulatory approvals for the project.

Land

CSEB has identified approximately 1,400 acres of land for the Bhaiyathan Power Project. The acquisition of approximately 700 acres of land for the project plant site has been completed and the land which has been transferred in favour of CSEB and the remaining 700 acres of land for purposes of constructing ash dyke, ash pipe, water pipe corridor and colony for the Bhaiyathan Power Project land has already been awarded in favour of CSEB.

Water

Water has been allotted from the nearby flowing Rehar River.

Fuel

The primary fuel for the Bhaiyathan Power Project will be coal. The Ministry of Coal, Government of India has allocated captive coal blocks located in Gidhmuri and Paturia villages in the Korba district in Chhattisgarh for the Bhaiyathan Project. The captive coal blocks located in Gidhmuri and Paturia villages have geological reserves of approximately 349.51 million metric tonnes based on the geological survey conducted by CMPDI. CMPDI has also completed the mining plan for the mine and the Ministry of Coal has accorded the formal approval of the mining plan. 

Fuel Transport System

Coal from the captive coal mining blocks will be transported through a common rail link system to project site which is approximately 4 kms from the Surajpur Road railway station. The total length of the rail link between the captive coal mines and the project site will be approximately 85 kms.