|Chennai||Rs. 24470.00 (1.37%)|
|Mumbai||Rs. 24900.00 (0.97%)|
|Delhi||Rs. 24200.00 (1.26%)|
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|Bangalore||Rs. 23800.00 (0%)|
|Hyderabad||Rs. 24140.00 (1.17%)|
Bhubaneswar, April 30 (IANS) Global infrastructure major GMR Group Tuesday said it has started commercial operation in the first unit of its 1,400 mega watt (MW) power plant in Odisha.
The power project in Dhenkanal district, about 100 km from here, is the group's second coal-based power plant to be declared commercially operational.
The group is setting up 4x350 MW coal-based power plant in the region in two phases of 3x350 MW and 1x350 MW, respectively.
"The first 350 megawatt unit of GMR Kamalanga Energy Limited (GKEL) was declared commercially operational today (Tuesday)," the company said in a statement.
"This is yet another example of our commitment to on-time delivery of projects, which will now generate revenue and enhance our shareholder value" G.M. Rao, group chairman of the GMR Group said.
The power produced from GKEL's first unit has been offered to state run GRIDCO Ltd., as per the long-term power purchase agreement (PPA) with the state government.
Work on commissioning two other units of 350 MW in the first phase is in advanced stages and likely to be completed by August this year.
When fully commissioned, the GKEL power plant would serve the people of Odisha, Bihar, Haryana and other parts of the country, the company said.
In March this year, commercial generation commenced from the first 300 MW units of GMR EMCO Energy Ltd.'s 2x300 MW power plants at Warora in Maharashtra.