TPCIL to launch 2,640 MW complex today

TPCIL to launch 2,640 MW complex today
Highlights

Enhancing the power generation capacity in the state of Andhra Pradesh, the private power producer Gayatri Energy Ventures, subsidiary of Gayatri Projects, is expected to launch 2,640 MW power complex in the district of Nellore on Saturday, said a BSE filing.

Hyderabad/New Delhi: Enhancing the power generation capacity in the state of Andhra Pradesh, the private power producer Gayatri Energy Ventures, subsidiary of Gayatri Projects, is expected to launch 2,640 MW power complex in the district of Nellore on Saturday, said a BSE filing.

Gayatri Energy Ventures in a joint venture with SembCorp has promoted, Thermal Powertech Corporation (TPCIL), operating company of 1,320 MW coal-fired plants in Krishnapatnam in Nellore district.

TPCIL has already signed a long-term PPA with Telangana Power Distribution Companies. Accordingly, it will supply 570 MW power to Southern and Northern Distribution companies for a period of 8 years, company release added.

Built at a total project cost of $3 billion (Rs 20,000 crore) the power complex is the largest foreign direct investment-driven project on a single site in the thermal energy sector in India to date, it claimed.

The complex houses two 1,320-megawatt supercritical coal-fired power plants. TPCIL, first power plant was successfully completed and commenced full commercial operation in September 2015, while second plant is expected to be fully operational in 2016, it said.

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