GMR Group promoted - GMR Kamalanga Energy (GKEL) has executed an agreement for supply of 260 MW to Bihar State Electricity Board (BSEB) under Case I bidding. With this agreement, GKEL has tied up 85 percent of its power sale under tariff policy.
This makes GKEL eligible to avail mega power status under the new policy. GKEL is the first power project in the country eligible to receive mega power status under the new policy.
GKEL is presently executing the 1050 MW (3x350 MW) coal-based thermal power project at Kamalanga in Orissa's Dhenkanal district. Besides BSEB, GKEL has executed power purchase agreements with GRIDCO, HPGCL and PTC. GKEL is expected to commence power supply from its first unit in mid-2012.
The GMR Group is a Bangalore-headquartered global infrastructure major with interests in Airports, Energy, Highways and Urban Infrastructure. GIL is the holding company for the infrastructure business of the GMR group.