Gayatri Projects’ arm inks multi-year coal supply contract with PT Bayan

24 Feb 2012 Evaluate

Thermal Powertech Corporation (India) (TPCIL), a subsidiary of Gayatri Projects has signed an agreement with PT Bayan Resources Tbk for the supply of 1 million tonnes of coal per year for over 10 years. The arrangement for coal supply is expected to commence in 2014. Gayatri Projects owns 51% stake through its wholly owned subsidiary Gayatri Energy Ventures in TPCIL, while, Sembcorp owns 49% stake in TPCIL through its wholly owned subsidiary, Sembcorp Utilities.

With plant construction processing on track at the project site in Krishnapatnam in Andhra Pradesh’s SPSR Nellore district, this coal agreement marks yet another significant milestone for Sembcorp’s first Indian power plant project, a 1320 megawatt coal fired power plant. Following the signing of this agreement, TPCIL has secured almost half of the plant’s requirement for imported coal.

Gayatri Projects (GPL), an ISO 9001 - 2000 company, is one of the fastest growing construction companies in India executing major civil works including construction of concrete/masonry dams, earthen dams, national highways, bridges, canals, aqueducts, airports, ports, etc.

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