Lanco Amarkantak Power Pvt. Ltd has asked the Chhattisgarh
government to expedite the allocation of additional 20 cusecs of water for its
600-mw Amarkantak expansion thermal power project in Korba district of the
state. Project officials informed Projectmonitor that the project was proceeding
at "good pace" and was scheduled to complete within the current 11th Plan
period. Hence, the availability of water to the project site was deemed
The Rs 2,600-crore project is being developed in a debt-equity ratio of 70:30.
Power Finance Corporation is lead financer providing about 70 per cent of the
debt portion. Financial closure has been achieved. Dong Fang Electricals of
China is the contractor for the main plant package. The project is scheduled to
commission in the last quarter of 2011.
Lanco Amarkantak Power is an SPV promoted by Lanco group. The thermal power
station is coming up near Pathadi-Saragbundia villages on Champa-Korba state
highway in Chhattisgarh.
— Mrinalini Prasad