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Now GVK offers PSPCL to take over its 540 MW power plant; CMD constituted committee

Now GVK offers PSPCL to take over its 540 MW power plant; CMD constituted committee

Kanwar Inder Singh/ royalpatiala.in/ Chandigarh

In a major development,  GVK owned Goindwal Sahib Thermal Power Project at Tarn Taran sahib, a 540 MW (2X270 MW) thermal power plant located near Goindwal Sahib village, District Tarn Taran has offered Punjab state power corporation limited (PSPCL) to take over its plant.

Goindwal Sahib Thermal Power Project commissioned its Unit1 on 1 April, 2016 and Unit 2 was commissioned on 14 April, 2016.This project has a Power Purchase Agreement (PPA) with PSPCL for 25 years.

When contacted the CMD of Punjab state power corporation limited (PSPCL) A Venu Prasad (IAS), he confirmed the same and said “yes, GVK has also offered the powercom to take over its 2X270=540 MW power plant. He further said the plant officials said that they are not getting coal due to farmer’s agitation. It’s management is also showing lack of interest in running the power plant”

Earlier Larsen and Toubro (L&T) owned Nabha Power Limited, a 2×660 MW supercritical thermal power plant at Rajpura in Patiala district offered Punjab state power corporation limited to take over its plant and demanded Rs 10,000 crore.

Now GVK offers PSPCL to take over its 540 MW power plant; CMD constituted committee

After receiving the proposals from GVK and L&T owned Nabha Power Limited, CMD today constituted five member team to analyse the proposal of acquisitions of L&T owned Nabha Power Limited (2X660 MW) and to examine the proposal of GVK Power Ltd. regarding takeover of 540 MW coal based TPP (Goindwal Sahib). Er Vardeep Singh Mander (chief engineer/ power purchase & regulation) is the chairman of the committee. CA Hardeep singh Chowdhary, chief auditor , Er jayinder Singh Grewal, (chief engineer/ commercial), Er Devinder Pal Garg (chief engineer O&M,GHTP, Lehra Mohabat), and Er Bhuvnesh Nauhria (superintending Engineer/TR-2)  are the members of the committee

Three private power plants (L&T owned Nabha power limited, GVK owned Goindwal Sahib Thermal Power Project and Vedanta owned Talwandi sabo power limited) were commissioned in Punjab during Shiromani Akali Dal regime from 2007-2017. Capt Amarainder Singh had already said that “his government would bring a White Paper to expose the “fraud committed” by the Akalis in Power Purchase Agreements (PPAs) with private players which in turn was the reason that Punjabis were being burdened with high power tariffs.”

October 15,2020

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