The Nellore based Thermal Powertech Corporation of India Limited’s (TPCIL) first phase 660MW power plant commened operations. TPCIL, a joint venture between Gayatri Energy and Sembcorp is investing $ 1.5 billion in the 1,320 MW project. This is Gayatri Energy’s first venture in … Continue reading Gayatri Power commences operations in Nellore
Gayatri Projects Ltd (GPL), the parent company of Gayatri Energy Ventures, a major partner in NCC Power Projects, is considering to reduce its stake in NCC’s 1320 MW thermal power plant near Nellore. Preliminary discussions are said to be on between … Continue reading Gayatri mulling stake sale in NCC Power, Nellore
The Hyderabad based engineering and construction company NCC Ltd. has achieved financial closure for the 1,320 MW, Rs.7,000-crore greenfield thermal power plant coming up in Nellore district of Andhra Pradesh. The debt component of Rs 5,300 crore is led by a consortium of Rural Electrification Corporation with Rs.1,900 crore, Power Finance Corporation pitching in with Rs.1,700 crore along with ICICI Bank and others. The company may consider taking up second phase of 1,320 MW at the same location. The company said the project would be executed through a special purpose vehicle in a joint venture with Gayatri Projects, another Hyderabad … Continue reading NCC achieves financial closure for Nellore thermal plant
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