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After years of wait and uncertainty, GVK Power & Infrastructure Ltd has managed to secure coal supplies for its 2x270 MW thermal power plant in Punjab.
GVK Power (Goindwal Sahib) Ltd, a subsidiary of the company, has received letters from Coal India Ltd declaring it as the provisional successful bidder for award of coal of the thermal power plant located at Taran Taran, Goindwal Sahib district in Punjab.
While from CCL, with source grade of G11, it has been allocated 17,00,000 tonnes, from Korea Rewa, with grade G6, it has been allocated 6,300 tonnes.
Though the company had completed the project several years ago, it could not generate power as the coal linkage which was to come from Tokisud Coal mine, did not materialise.
The coal allocation from the Tokisud mine was to support the project.
However, following the coal scam, when various licences for coal mining were cancelled, GVK also lost the Tokisud contract allocated to the company.
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