https://indianpedia.org/index.php?action=history&feed=atom&title=Meenakshi_Power_Plant_NelloreMeenakshi Power Plant Nellore - Revision history2026-07-31T20:10:41ZRevision history for this page on the wikiMediaWiki 1.45.4https://indianpedia.org/index.php?title=Meenakshi_Power_Plant_Nellore&diff=389344&oldid=prevAjay Kumar at 23:49, 4 July 20232023-07-04T23:49:10Z<p></p>
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A 1000 MW [[Power Plant|Power plant]] , Meenakshi Energy Pvt. Ltd. is located at [[Nellore]] in [[Andhra Pradesh]]. The first phase of the Project (300 MW) was configured in a unique “part tolling-part merchant “ configuration with [[PTC India|PTC]] India Limited. The Plant has a Capacity of 1000 MW (Unit I – 2 x 150 MW; Unit II – 2 x 350 MW). It is located adjacent to [[Krishnapatnam]] port and near coal basins Units (size in MW) Unit I (150 MW) Unit II (150 MW) Unit III (350 MW) Unit IV (350 MW). Water from the [[Kandaleru Dam|Kandaleru]] creek Sea is used as source for the plant.<ref>{{Cite web|title=|url=http://www.meenakshienergy.com/pdf/Detailed%20Expression%20of%20Interest%2025.01.2021.pdf|url-status=live}}</ref> Their outstanding debt was over Rs 4,000 crore and was forced to sale, led by REC [<nowiki/>[[REC Limited|Rural Electrification Corporation]]] and [[State Bank of India|SBI]].<ref>{{Cite web|date=2018-07-31|title=Lenders put Meenakshi Energy's 1,000-mw plant on sale|url=https://www.financialexpress.com/industry/lenders-put-meenakshi-energys-1000-mw-plant-on-sale/1263968/|access-date=2021-09-22|website=The Financial Express|language=en-US}}</ref> India Power Corp. Ltd, a SREI Group company acquired this power plant to run on coal imported from [[Indonesia]] , which will be directed by Raj Kanoria.<ref>{{Cite web|last=Paul|first=Aniek|date=2016-11-17|title=India Power completes acquisition of Nellore power plant|url=https://www.livemint.com/Companies/hd5lAqCgjI8Z9lkwahCcNP/India-Power-completes-acquisition-of-Nellore-power-plant.html|access-date=2021-09-23|website=mint|language=en}}</ref> The Bench of Judicial Members admitted the [[insolvency]] petition as per the provisions code. Meenakshi Pvt. Ltd. availed a term loan and working capital from the lenders leadings to insolvency.<ref>{{Cite web|last=Kumar|first=V. Rishi|title=Meenakshi Energy to face insolvency proceedings|url=https://www.thehindubusinessline.com/companies/meenakshi-energy-to-face-insolvency-proceedings/article29975289.ece|access-date=2021-09-23|website=@businessline|language=en}}</ref> As a result, Engie Global purchased the shares and was inducted as the [[Corporate promoter|promoter]] of the corporate debtor.<ref>{{Cite web|last=Kumar|first=V. Rishi|title=Meenakshi Energy to face insolvency proceedings|url=https://www.thehindubusinessline.com/companies/meenakshi-energy-to-face-insolvency-proceedings/article29975289.ece|access-date=2021-09-22|website=@businessline|language=en}}</ref>[[GDF SUEZ|GDF Suez]], [[France]] acquired 74% stake in Meenakshi thermal power project in Nellore later.<ref>{{Cite web|title=Thermal Power Plant|url=https://nellorean.com/tag/thermal-power-plant/|access-date=2021-09-22|website=Nellorean|language=en}}</ref><br />
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== References ==<br />
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[[Category:Thermal power plants]]<br />
[[Category:Rural electrification]]<br />
[[Category:Buildings and structures in Nellore district]]<br />
[[Category:Power stations in Andhra Pradesh]]<br />
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{{India-powerstation-stub}}</div>Ajay Kumar