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Gayatri Projects’ arm commences full commercial operations

14 Sep 2015 Evaluate

Thermal Powertech Corporation India (TPCIL), joint venture company between Gayatri Energy Ventures (a wholly owned subsidiary of Gayatri Projects) and Singapore based SembCorp Utilities (a wholly owned subsidiary of SembCorp Industries) has successfully commenced full commercial operations, following the completion of its second 660 MW unit.

The first phase of the approximtely $1.5 billion coal-fired power plant, commissioned earlier this year generated more than 800 mn units during the quarter ended June 30, 2015. Phase I, operating around 90%-100% PLF levels since stabilizing in May 2015 is already supplying 500 MW of power to the Andhra Pradesh and Telangana Power Distribution Companies under a long term PPA and further power under short term arrangements. Power being generated from 660MW Phase II is also largely sold out to existing customers and longer term arrangements are in the process of being firmed up.

TPCIL has also secured a fuel supply agreements with Mahanadi Coal Fields and Indonesia-based PT Bayan Resources for the supply of coal to its power plant. Further, the 1320 MW coal - fired power plant located in Krishnapatnam is more efficient and environmentally friendly compared to conventional coal-fired power plants as it uses supercritical technology.

Gayatri Projects Share Price

19.69 0.93 (4.96%)
17-Apr-2026 16:59 View Price Chart
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