Gujarat Mineral Development Corporation (GMDC) has entered into a power purchase agreement (PPA) with Gujarat Urja Vikas Nigam (GUVNL). Gujarat Electricity Regulatory Commission (GERC) recently approved crucial amendments to the PPA of GMDC. These amendments governing the supply of 250 MW of power from the Akrimota Thermal Power Station (ATPS) between GMDC and GUVNL, mark a leap towards enhancing operational efficiency and sustainability.
GMDC's proactive and calculated rescaling of the ATPS represents a significant milestone in the company's effort to safeguard the interests of its investors. This initiative signifies a substantial progress towards ensuring the turnaround and sustainable profitability of GMDC's power asset which was continually under stress earlier.
Gujarat Mineral Development Corporation is engaged in business of mining and mineral processing.
