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GMR Energy’s two power plants secure gas allocation in Andhra Pradesh

18 Sep 2015 Evaluate

GMR Energy’s two gas based plants - GMR Vemagiri Power Generation (GVPGL) and GMR Rajahmundry Energy (GREL) - in Andhra Pradesh have been awarded allocation of gas through a fresh round of e-bidding conducted by the Government of India (GoI), on September 15, 2015.

This was the second round of bidding under the ‘Scheme for Utilization of Stranded Gas based power Plants’, launched by GoI in March 2015. These two plants, with total capacity of 1138 MW, now can operate over the next six months starting October, 2015 at equivalent to 50% Plant Load Factor (PLF) - up from 25% PLF in the previous round.

GMR Energy has a portfolio of 3,000 MW of coal based assets and 1,350 MW of Gas based assets. Besides this, it also operates 25 MW solar plant and is in the process of developing hydro portfolio of about 2,000 MW.


 

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