GVK Power and Infrastructure’s subsidiary GVK Power (Goindwal Sahib) has reportedly received nod from the environment ministry to import coal from South Africa as a ‘stop gap’ arrangement in case the company fails to get coal from its captive mines in Tosikud North Sub-Block in Jharkhand.
As the Tosikud North Sub-Block mine development has been delayed due to reasons beyond control of the company, GVK proposed to use imported coal from South Africa (2.28 million tonnes per annum) as a stop gap arrangement to commission the plant operations. The EAC (Expert Appraisal Committee) has given permission to GVK to use imported coal for the plant for two years.
Moreover, GVK is setting up a 2x270 MW Thermal Power Plant at Goindwal Sahib tehsil in Tarn Taran district of Punjab, and both the units have been synchronised to the grid.
Recently, GVK Power & Infrastructure’s subsidiary - Mumbai International Airport (MIAL) kicked started monetization of commercial real estate by finalizing lease of one of the parcel to Oasis Realty. This parcel will have a potential for commercial development of 1.166 million square feet.
