
Lack of response by the US Exim bank on the complaint against Sasan Power Plant
Awadhesh Kumar of Srijan Lokhit Samiti speaks on the lack of response by the US Exim bank on the complaint filed against the Sasan Power Plant
Sasan Ultra Mega Power Project (SUMPP) is a 3,960 MW pit-head coal-based power plant in Singrauli, Madhya Pradesh. Power Finance Corporation (PFC) the financial institution under the Ministry of Power, India is the nodal agency for getting the basic infrastructure like land, water supply, environment clearances, etc. for UMPPs. Reliance Power Limited is responsible for executing this project.
Sasan UMPP is a pit-head power project and has been allocated three captive coal mine blocks –Moher, Moher Amlori extension and Chhatrasal – which have reserves in excess 750 million tones. The approved mine plan of all three mines put together envisages production of 25 million tonnes of coal per annum making these mines among India’s largest. Sasan UMPP along with the coal mine would on completion become the largest integrated coal-cum-power plant in the country. The scale of the project can be understood from the fact that the project and coal mine together involve almost 10,000 acres of land of which almost 7,000 acres would be coal mines.
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Financers
Indian:
S. No. | Bank | Amount (in crores) |
1 | Andhra Bank | 200 |
2 | Axis Bank | 750 |
3 | Bank of Baroda | 300 |
4 | Corporation Bank | 200 |
5 | Life Insurance Corporation of India | 800 |
6 | Power Finance Corporation India | N.A. |
7 | Punjab National Bank | 900 |
8 | Rural Electrification Corporation | 1,342 |
9 | State Bank of India | N.A. |
10 | Union Bank of India | 750 |
11 | United Bank India | 200 |
12 | India Infrastructure Finance Company | 400 |
13 | Industrial Development Bank of India (IDBI) | 500 |
International:
S. No. | Bank | Amount (in crores) |
1 | Bank of China | N.A. |
2 | China Exim bank | N.A. |
3 | Export Import Bank of the United States | N.A. |
4 | Standard Charted | N.A. |
5 | Mizuho, Japan | N.A. |
Issues
Engagement with US Exim:
Reports and letters:
Links to important reports and news articles on Sasan Ultra Mega Power Project
For the above three banks: Total debt financing of USD 1.1 million along with 2 other Chinese Banks and Standard Chartered
Reports on environmental pollution in the Singrauli(area where the Sasan project is located)
http://www.cseindia.org/userfiles/Singrauli_Lab_Report_October_16_Final.pdf
http://cpcb.nic.in/divisionsofheadoffice/ess/NewItem_152_Final-Book_2.pdf
Articles on Pollution in Singrauli:
Articles on Accident cases at the project site:
On corruption charges of coal diversion from captive mines for Sasan Project:
Awadhesh Kumar of Srijan Lokhit Samiti speaks on the lack of response by the US Exim bank on the complaint filed against the Sasan Power Plant