VISA Power has inked an MoU with Government of Chhattisgarh in 2007 for setting up of a 1,200 MW Coal based Independent Power Plant within the state. The Ministry of Coal, Government of India has allotted approximately 100 million tonnes of coal from the Fatehpur East Coal Block in Raigarh District of Chhattisgarh to VISA Power for developing the project. VISA Power is developing the plant near Bhupdeopur, roughly 16 km west of Raigarh town and only 65 km from the allotted coal block. This site is located adjacent to the main Howrah-Mumbai railway line thereby facilitating easy movement of raw materials and equipment. The company has already commenced the land acquisition process, applied for necessary statutory clearances and initiated the project equipment procurement process. The project will comprise 4 x 300 MW units, with the fi rst unit targeted to be commissioned in 2011. Power sales are planned to the states of Chhattisgarh, Gujarat and Maharashtra on long term basis, with some power to be allocated for sales on merchant basis to maximize returns.

Key Features

 MoU signed with the Government of Chhattisgarh for 1,200 MW IPP at Raigarh.

 Project comprises 4 x 300 MW units, first unit expected to be commissioned in Q4 2011.

 Estimated project cost of INR 5,500 crore.

 Plant location fi nalized at village Kiritmal and Dongitarai near Bhupdeopur Railway Station on Howrah – Mumbai Main Railway Line and 1.5 km from National Highway 200. Water availability through River Mahanadi, 30 km south of the proposed site.

 Power shall be supplied to distribution licensees and industrial consumers in Maharashtra, Gujarat and other power-defi cit states in the Northern and Western parts of India.

 Low cost of generation through captive coal block, and lower transmission charges to Western and Northern Regions.