GMR Infrastructure - Updates
GMR Infrastructure Ltd has informed BSE that the GMR Energy Ltd (GEL), the 100% Subsidiary Company having 220 MW power plant at Mangalore, had entered into a power purchase agreement (PPA) with Karnataka Power Transmission Corporation Ltd for sale of power, for a period of 7 years. The PPA was later assigned to Bangalore Electricity Supply Company (BESCOM) and Mangalore Electricity Supply Company (MESCOM). The PPA expires on June 07, 2008. GMR Energy Ltd Board has approved relocation of the 220 MW barge mounted power plant to Kakinada, State of Andhra Pradesh. The relocation of plant would take maximum of 9 months and the plant is expected to be re-commissioned at new location latest by April 2009 and would operate on gas.
Tags: GMR Infrastructure