Thermal Power Plants In Koradi, Nashik Enters Into NPA Section

Economics and Financial Analysis, Koradi Thermal Power Station falls into India’s 12 non-performing assets in the thermal power sector. Apart from Koradi, the second plant in the state which has been listed among the 12 is the Nashik-based Sinnar Thermal Power Plant.

December 19, 2019. By Hemant Arora

According to the latest analysis by the Institute for Energy Economics and Financial Analysis, Koradi Thermal Power Station falls into India’s 12 non-performing assets in thermal power sector. Apart from Koradi, second plant in the state which has been listed among the 12 is Nashik-based Sinnar Thermal Power Plant.

The other plants are in Uttar Pradesh, Madhya Pradesh, Jharkhand, Chhattisgarh, Gujarat, Karnataka and Tamil Nadu, as per the analysis.

The analysis further states that the state power company Mahagenco was missing an opportunity to match shutdowns of coal units with a clean energy buildout.
The report ‘Seriously stressed and stranded’ was released by IEEFA a US-based independent organization which conducts research and analyses on economic issues related to energy and environment.

The $40-60 billion of stranded Indian thermal power assets are placing stress on a troubled banking sector and undermining the flow of capital which is critical to sustain strong Indian economic growth and a renewable energy future, as per the IEEFA report.

At Koradi power plant, two new units of a total capacity of 1,320 megawatt have got an in-principle approval to replace retiring units of around 1250MW. Stressing that Mahagenco is increasing its coal-power capacity in doing so, the analysis reveals that the power plant operated at a plant load factor of 42.55% between April to August this year, the report further adds.

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