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28-Sep2017

GVK Power to divest unit II of Jegurupadu gas-fire power plant: Report

GVK Power & Infrastructure has reportedly decided to divest the 228 MW Unit II of the Jegurupadu gas-fire power plant and possibly sell other gas plants under the company portfolio.

The decision to divest Unit II, which has a debt of Rs 480 crore on its books, was taken in the backdrop of the lack of clarity on fuel linkages to run the plants in spite of waiting for several years.

GVK Power and Infrastructure is an infrastructure development company. It engages in infrastructure and urban infrastructure projects. The company provides operation and maintenance services, manpower and consultancy services, and incidental services to owners of power plants, airports and infrastructure companies.


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