Gayatri Projects positive on completion of first 660 MW unit
DSIJ Intelligence / 17 Nov 2016
Sembcorp Gayatri Power has completed construction of first 660 MW of its 1320 MW thermal power plant coming up in Krishnapatnam in Nellore district of Andhra Pradesh.
Sembcorp Gayatri Power has completed construction of first 660 MW of its 1320 MW thermal power plant coming up in Krishnapatnam in Nellore district of Andhra Pradesh. The second unit of 660 MW is expected to be completed during the Q3FY17.
Sembcorp Gayatri Power (SGPL) is a joint venture between its wholly-owned subsidiary Sembcorp Utilities and Gayatri Energy Ventures, a wholly-owned subsidiary of Gayatri Projects.
The power plant utilises supercritical technology that allows for enhanced efficiency and reduced emissions compared to other conventional coal-fired power plants.
Sembcorp Gayatri Power owns, develops, and operates a 1320 MW coal-fired power plant with a total investment of about USD 1.5 billion (Rs 10187 crore). The company has a portfolio of thermal and renewable assets with over 3500 MW of power capacity in operation and under development in seven states.
The share price of Gayatri Projects increased 1.59 per cent on bourses in early trades and is trading at Rs 620.3 on intraday basis.
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