MPCL Thermal Power Station


MPCL Thermal Power Project is located near Angul in Odisha. The power plant is one of the coal based power plants of Monnet Power Company Limited.
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Power Plant

The project was being sponsored by Monnet Power Company Limited, a subsidiary of Monnet Ispat and Energy Ltd and will use supercritical boiler technology supplied by BHEL.
State-run power equipment maker BHEL had bagged an order worth Rs 5,600 crore for 1050-megawatts power plant from MPCL for this project on turnkey basis.
The project was funded by a consortium of 27 banks, who has disbursed 85 percent of their sanctioned amount but due to a cost overrun in the project, the lenders were not keen to extend/enhance further credit to the company. This resulted in suspension of further funding to the construction works in the plant from mid 2014. Construction works remained suspended till 2022 when Jindal Steel & Power won the bid for acquiring the power project for ₹410 crore through the insolvency route.
JSP is currently in the processing of commissioning and operationalizing the power plant which is expected to provide power to the steel plant which is located nearby.
Company is also planning another 660MW unit at the same site.
General timelines for construction of the plant include -