1. AP Transco buys out GVK’s plant in Andhra

AP Transco buys out GVK’s plant in Andhra

AP Transco has exercised its option to buy out GVK Power & Infrastructure’s 217 MW (Phase 1) power plant in Andhra Pradesh.

By: | Hyderabad | Published: June 23, 2015 12:47 AM

AP Transco has exercised its option to buy out GVK Power & Infrastructure’s 217 MW (Phase 1) power plant in Andhra Pradesh.

“The power purchase agreement (PPA) signed by GVK Industries, a step-down subsidiary of GVK Power & Infrastructure with the erstwhile APSEB (now AP Transco) stands expired by June 20, 2015, as it had completed its validity period of 18 years,” GVK Power & Infrastructure said.

GVK Industries has received a notice from the AP Transco stating that they have exercised their option to ‘Buy Out’ “its 217 MW (Phase 1) Power Plant situated at Jegurupadu Village, Kadiam Mandal, Rajahmundry, East Godavari District, Andhra Pradesh in terms of the provisions specified under the PPA,” it said

  1. No Comments.

Go to Top