Gayatri Projects' arm executes power purchase agreement for 1320 MW power plant

Gayatri Projects' subsidiary TPCIL has executed a power purchase agreement with Andhra Pradesh Power Distribution Companies, wholly-owned by the government of Andhra Pradesh, for supply of 500 MW of competitive power to the central, eastern, southern and northern power distribution companies of Andhra Pradesh for a period of 25 years.

This green field project within the state makes the transmission more convenient and the use of super critical technology is a value addition as this technology enhances efficiency, thereby reducing emission of carbon dioxide and other pollutants, making it more eco-friendly.

As such, the plant, located in Southern India (Krishnapatnam), will play an essential role in helping to mitigate power shortage in the state of Andhra Pradesh when it commences operation.

Powered by Capital Market - Live News