GVK Power & Infrastructure, the company with principal activity is to operate and maintain power plants, announced here on Friday that its wholly owned subsidiary GVK Power (Goindwal Sahib) Ltd has signed the Amended and Restated Power Purchase Agreement with the Punjab State Electricity Board (PSEB) on May 26 for implementing the 2 x 270 mw coal based thermal power plant at Goindwal Sahib, Taran Taran District, Punjab.
Further they said the subsidiary has also signed an Escrow Agreement with PSEB and their Bankers on June 4 for the said project.
It has also started commercial operation at Gautami Power Ltd, a subsidiary of the company on Friday at its 464 mw gas based power project constructed at IDA, Peddapuram, East Godavari District, Andhra Pradesh.
