GMR Infra seeks gas plant's fixed cost from AP discom

GMR Infrastructure has sought Rs. 480 crore for recovering fixed costs for its 388.5-megawatt (MW) gas-based power plant from the Andhra Pradesh Central Power Distribution Company, sources said.

The power plant at Vemagiri in the state has been idling for lack of gas from Reliance Industries's KG-D6 block since the start of this financial year. It's plant load factor (a measure of capacity use) has been zero for months now, leading to losses. Consequently, GMR Infra is seeking recovery of fixed costs such as capital costs and maintenance from the state distribution company (discom), which buys power from it.