The group plans to expand in the power sector and to capitalize on the opportunities in this sector, it has lined up major power ventures.
The key current business interests of Facor Group in the Power sector are:
1. The Randia Plant, which is a 100MW coal based thermal Captive Power Plant in the state of Orissa. This is currently being constructed by FPL. Phase I of the Randia Plant is partially complete and the plant is expected to be at its full operational capacity of 100MW in the fourth quarter of 2012.
2. The Garividi Plant, which is a 45MW coal based Captive Power Plant in the state of Andhra Pradesh. This is being developed by Facor Electric and is expected to be complete during the second half of 2013.
3. The Chhattisgarh Plant which is developing a 600MW supercritical coal based thermal IPP. This is being developed by BEC Power Pvt Ltd.
Thermal Power Projects
The Group currently has two coal based thermal CPP projects, being a partially complete 100MW Captive Power Plant in the Randia District of Orissa and a 45MW Captive Power Plant under development in the Garividi District of Andhra Pradesh. In addition, a third project which is an IPP is currently under planning stage coming up in the state of Chhattisgarh.
Power Plant under Operation
100 MW Randia Plant, Orissa
The Group's first power plant, currently being developed by Facor Power, is a 100MW coal based thermal CPP. The Randia Plant is situated on 90.57 acres of land adjacent to the FACOR Group’s Orissa ferro alloys plant and is approximately 4 kilometres from the Orissa PGCIL’s grid sub-station. The Randia Plant consists of three boilers and two TG sets. The first boiler and TG set are already operational and are providing 38 MW of power to the FACOR Group's ferro alloys plant at Randia. The second boiler and TG set will bring the total capacity of the plant to 75MW and is expected to be operational by the first quarter of 2012. The third boiler, which will allow the Randia Plant to operate at its full 100MW generating capacity, is expected to be installed and be fully operational by the end of 2012.
Power Plant under Construction
45 MW Garividi Plant, Andhra Pradesh
The Group's second power plant under development is a 45MW air-cooled coal based thermal Captive Power Plant adjacent to the FACOR Group’s existing Andhra Pradesh ferro alloys plant situated in the Garividi district of Andhra Pradesh. The Construction of the Garividi Plant is expected to be commence in October 2011 and is expected to be completed and operational by October 2013
Power Plant under Planning
600 MW Chhattisgarh Plant
The Group is developing a 600MW supercritical coal based thermal IPP in the state of Chhattisgarh. The Project is developed by the SPV BEC Power Pvt. Ltd. BEC is a wholly owned subsidiary of the FACOR Group and holds a portion of the land and certain approvals and applications required for the development of the Chhattisgarh Project.
Supercritical coal based thermal technology has been chosen because such power plants are not only more efficient at partial load operation but they are also significantly more environmentally friendly than conventional technology.