Part of the USD 1 billion VISA Group, VISA Power is focused on the development, ownership and operation of thermal power projects with 2,520 MW projects (Chhattisgarh and Orissa) under execution and 5,280 MW projects under planning
- 1,200 MW (2 x 600 MW) sub critical IPP at Raigarh, Chhattisgarh with captive coal block
- 1,320 MW (2 x 660 MW) super critical IPP at Cuttack, Orissa with coal linkage
- 2,640 MW super critical IPP at Seraikela, Jharkhand
- 1,320 MW super critical IPP at Madhya Pradesh
- 1,320 MW super critical IPP near Pipavav Port at Gujarat using imported coal
The Company is at an advanced stage of development for the projects at Chhattisgarh and Orissa.
In Chhattisgarh, the Company has secured an allocation of 99.12 million tonnes of coal in Fatehpur East Coal Block out of the overall reserves of 450 million tonnes. The Company has acquired land for the plant. Water has been allotted from River Mahanadi and Bulk Power Transmission Agreement has been executed with Power Grid Corporation of India Ltd for evacuation of power. The Company has achieved the financial closure for its 1st unit of 600 MW with tie up for the 2nd unit in progress. Public Hearing has been successfully completed and the final environmental clearance from the Ministry of Environment & Forests (MoEF) is expected shortly. Furthermore, the Company has executed contracts with Bharat Heavy Electricals Limited, for supply of BTG sets and with L & T Power Limited for the entire Balance of Plant.
In Orissa, the Company has already acquired the land required for the plant. Water required for the Project has been allotted from River Mahanadi. Public Hearing has been successfully completed and the final environmental clearance from the MoEF is expected shortly. The project will be set up based on a mix of domestic and imported coal.
VISA Power has also secured a power trading license from the Central Electricity Regulatory Commission (CERC).