Gayatri Projects to commission unit I of Thermal Powertech by Sept.

Gayatri Projects Ltd. is all set to commission its maiden power plant, a 1320-MW Thermal Powertech venture executed in partnership with Sembcorp Industries of Singapore. With a current order book of Rs. 7,000 crore, the Hyderabad-based diversified infrastructure company is looking at divesting stake in road projects and possibly in the power business, subject to regulatory and Central Government approvals.

The 1320-MW Thermal Power Project in Krishnapatnam has made significant progress. The unit one of 660 MW is likely to be commissioned by the end of September and the unit one will be fully commissioned before December.

We also have the facility to double the project size but that depends on fuel linkages. The supply of power will be based on power purchase agreements. AP may get about 500 MW. We may consider further divestment of stake in the venture subject to conditions and regulatory approvals. The other 1320-MW project with NCC and Sembcorp in Krishnapatnam is also progressing well.

HBL