Enhancing the power generation capacity in the state of Andhra Pradesh, the private power producer Gayatri Energy Ventures, a wholly owned subsidiary of Gayatri Projects, along with its JV partner Sembcorp Industries, is planning to launch its 2,640 MW SembCorp Gayatri Power Complex in Nellore district of Andhra Pradesh on February 27, 2016.
Built at a total project cost of $3 billion (Rs 20,000 crore) the power complex is the largest foreign direct investment-driven project on a single site in the thermal energy sector in India to date. The complex houses two 1,320-megawatt supercritical coal-fired power plants. TPCIL, first power plant was successfully completed and commenced full commercial operation in September 2015, while second plant, NCC Power Projects is expected to be fully operational in 2016. TPCIL has already signed a long-term PPA with Telangana Power Distribution Companies. Accordingly, it will supply 570 MW power to Southern and Northern Distribution companies for a period of 8 years.
Gayatri Energy Ventures is engaged in the development of coal based thermal power station. The company was founded in the year 1989 is based in Hyderabad, Andhra Pradesh. Gayatri Energy Ventures operates as a subsidiary of Gayatri Projects.