Coastal Energen raises Rs 1,950 cr for Mutiara power project from SBI-led consortium

Coastal Energen, part of the $ 1.75 billion Coal & Oil (C&O) Group, said it was in talks with Japanese firms to support the company’s proposed expansion plan involving setting up of a new 1200-Mw power unit at Tuticorin in Tamil Nadu.

“We are talking to the government to take up the expansion (adding another 1200-Mw) in the same location.Going by the current value, to set up a one mega watt of coal-based power plant, it would cost around Rs 5 crore, which translates into around Rs 6,000 crore for the upcoming expansion,” said Ahmed Buhari, founder president & CEO of Coastal Energen.

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Amit Antil

After doing Power Management (MBA) from National Power Training Institute (NPTI), Amit Antil is now presently working with Today Green Energy Pvt. Ltd. and looking after business development activities for Solar. Earlier he was associated with leading power trading company Global Energy for 3 years. He has a sound knowledge about bidding, power trading, open access, REC trading, Govt. Liaisoning, Contract Negotiation, Power Purchase Agreement.

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