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Vidarbha Industries Power Limited (VIPL) was incorporated on December 27, 2005, as a special purpose vehicle of Reliance Energy Limited to implement the Butibori Thermal Power project. This company became a subsidiary of Reliance Power on August 30, 2007.
Butibori, a 600 MW coal-based power project in Maharashtra
Vidarbha Industries Power Limited (VIPL), a subsidiary of Reliance Power, is currently developing a 600 MW coal-based power project (2 units of 300 MW each) with subcritical technology to be located at Butibori, Maharashtra Industrial Development Corporation (MIDC) area in Nagpur, Maharashtra. The construction of the Project, which is expected to be completed in the 11th Plan, was inaugurated by the Hon’ble Chief Minister of Maharashtra Shri Ashok Chavan in February 2009.
The Engineering, Procurement and Construction (EPC) contract was awarded to Reliance Infrastructure Ltd. and the Boiler Turbine Generator (BTG) contract was awarded to Shanghai Electric Co. The project has achieved financial closure with a consortium of banks led by Axis Bank in July 2009. The project is currently in the construction phase and is expected to be commissioned by March 2012.
Unit 1 (300 MW) was designed on a Group Captive Project basis and hence 51% of the capacity will be supplied to industrial consumers. The plant is situated in the midst of industrial area and will supply over 150 MW to industries thus ensuring perpetual demand for the power generated from the plant.
The balance capacity is expected to be sold on a merchant power basis to the power deficit Western region. It has already signed a Power Purchase Agreements (PPA) for 133 MW with Reliance Energy Trading Limited (RETL).
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