gpl tpcil fsa
TRANSCRIPT
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B-1, T.S.R. Towers, 6-3-1090, #6-3-1090, 2nd floor , C Block,
Raj Bhavan Road, Somajiguda, TSR Towers, Rajbhavan Road
Hyderabad 500 082 Somajiguda,
Andhra Pradesh, India Hyderabad 500 082
GAYATRIS SUBSIDIARY TPCIL SECURES 20 YEAR -FUEL SUPPLY AGREEMENT FOR ITS
KRISHNAPATNAM POWER PROJECT
For Immediate Release
Hyderabad, June 25 th ,2013
TPCIL (Thermal Powertech Corporation India Ltd.) the joint venture company between Gayatri Energy Ventures
Private Limited, a wholly owned subsidiary of Gayatri Projects and Singapore based SembCorp Utilities (a wholly
owned subsidiary of SembCorp Industries) has signed an FSA (Fuel Supply Agreement) with MCL( Mahanadi Coal
Fields Ltd.), a subsidiary of Coal India Limited .
TPCIL is in the process of setting up a 1,320 MW coal-fired generation plant with 2 units of 660MW each, in the
Nellore district of Andhra Pradesh, located near the coast of Krishnapatnam. The plant has been designed to run
on 70% domestic coal and 30% imported coal. The imported coal requirement will be met through TPCILs coal
supply agreement with PT Bayan Resources, which was secured in February 2012.
Under the FSA signed for Annual Contracted Capacity of 2.13 MTPA .MCL would be supply ing coal to TPCILs plant
for a period of 20 years starting from the operationalization of the plant which is expected in FY 2014-15.
This development is an important milestone for TPCIL in meeting its coal requirement. Fuel being one of the most
critical elements in the power supply chain, this agreement provides an assured quantity of coal supply for TPCIL
for the next 20 years, enabling TPCIL to supply power to the lakhs of consumers in Andhra Pradesh and other
parts of the country.
Pleased with the development, Managing Director of Gayatri Projects Ltd. Mr T.V Sandeep Reddy commented,
Given the criticality of coal availability for the smooth running of the plant, this agreement with MCL is a major
step in ensuring continued operations post commencement of our facility at Nellore . This development would help
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us in supplying competitive power to consumers and overcome to an extent the severe power deficit in the
Southern Region and other parts of India.
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About Gayatri Projects
Gayatri Projects is a Hyderabad-based infrastructure and construction company with a presence across thesegment, primarily undertaking road,railways,ports,industrial works and irrigation projects. The Company with anover 50 year presence in the segment executes projects across the country and owns almost all its equipment,enabling optimal cost control. It also has joint ventures (JVs) in Build-Operate-Transfer (BOT) projects andexecutes construction contracts in partnership with Indian and overseas companies.
Its two subsidiaries, Gayatri Infra Ventures Ltd (GIVL) and Gayatri Energy Ventures Private Ltd (GEVPL),incorporated in 2008 in Hyderabad, are the Asset Development arms for the Company. GIVL operates as an
investment and construction company in transport infrastructure while GEVPL was set up to undertake powergeneration projects.
About SembCorp Industries:
Sembcorp Industries is a leading energy, water and marine group operating across six continents worldwide. Withfacilities of over 5,800 megawatts of gross power capacity and over seven million cubic metres of water per day inoperation and under development, SembCorp is a trusted provider of essential energy and water solutions toboth industrial and municipal customers. It is also a world leader in marine and offshore engineering as well as anestablished brand name in urban development.
The Group has total assets of more than S$13 billion and employs over 9,000 employees. Listed on the main boardof the Singapore Exchange, it is a component stock of the Straits Times Index, several MSCI and FTSE indices aswell as the Dow Jones Sustainability Asia Pacific Index.
For further information, please contact:
CS.i.V.Lakshmi, CS&CO / K. G. Naidu Gavin Desa/ Suraj DigawalekarGayatri Projects Limited CDR IndiaTel: +91 40 23310330/23314284/4296 Tel: +91 22 66451237/ 35Email: [email protected]: [email protected] Email: [email protected]
Disclaimer:
Certain statements in this document may be forward-looking statements. Such forward-looking statements are subject to certain risks anduncertainties like regulatory changes, local political or economic developments, and many other factors that could cause our actual resultsto differ materially from those contemplated by the relevant forward looking statements. Gayatri Projects Limited will not be in any wayresponsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-lookingstatements to reflect subsequent events or circumstances.
mailto:[email protected]:[email protected]:[email protected]:[email protected]