Gayatri Projects updates on its 1320 MW coal fired power plant

TPCIL starts commercial operations of second 660MW unit

Gayatri Projects announced that its joint venture company, Thermal Powertech Corporation India (TPCIL) has successfully commenced full commercial operations, following the completion of its second 660 MW unit.

The first phase of the approximately $1.5 billion coal-fired power plant, commissioned earlier this year generated more than 800 million units during the quarter ended 30 June 2015. Phase I, operating around 90%-100% PLF (plant load factor) levels since stabilizing in May 2015 is already supplying 500 MW of power to the Andhra Pradesh and Telangana Power Distribution Companies under a long term PPA (power purchase agreement) and further power under short term arrangements. Power being generated from the 660 MW Phase II is also largely sold out to existing customers and longer term arrangements are in the process of being firmed up.

TPCIL has also secured a fuel supply agreements with Mahanadi Coal Fields and Indonesia-based PT Bayan Resources for the supply of coal to its power plant. Further, the 1320 MW coal-fired power plant located in Krishnapatnam is more efficient and environmentally friendly compared to conventional coal-fired power plants as it uses supercritical technology.

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