GMR Chhattisgarh Energy Pvt Ltd’s (GCEPL) 2X685 MW Raikheda thermal power project in Raigarh district in Chhattisgarh is nearing completion but the company has not yet received coal linkage for the project. According to GCEPL the project is 85% complete and in all probability it will be operational by April 2014. GCEPL has spent nearly over 95% of the total estimated cost of Rs 8,290 crore for the project so far.
GCEPL has now approached the Ministry of Coal seeking its help for coal allocation and enter into FSA with Coal India Ltd at the earliest. It may be remembered here that the Cabinet Committee had approved on June 21, 2013 that the coal may be supplied to power plants that do not have any fuel linkage but are likely to be commissioned by March 31, 2015, having long term PPAs and a high Bank exposure. Accordingly, GCEPL has requested MoC to take up the matter with CCEA for considering the plant under the stated category and to enter into FSAs similar to other power projects.