GMR Infrastructure Ltd has informed the BSE that GMR Vemagiri Power Generation Limited (GVPGL) has commenced generation of power by synchronisation with AP Transco grid from April 2.
The plant is expected to generate power at 60 per cent Plant Load Factor (PLF) from the RLNG that is made available by Andhra Pradesh Government and Telangana Government through GAIL (India) Limited.
This arrangement is available till April 30, 2015 and may be extended further based on the requirement of power for both Andhra Pradesh and Telangana.
GMR Infrastructure Ltd has also announced that a consortium led by GMR Infrastructure Limited (GIL) has been issued Letter of Award for construction of 417 km long Eastern Dedicated Freight Corridor railway project at a cost of Rs 5,080 crore on EPC (Engineering, Procurement and Construction) basis. GMR Group is not required to provide significant investment for the project since it is implemented on EPC basis.
Earlier in November 2014, GMR led consortium emerged lowest amongst five other bidders for the project through an international competitive bidding process.
The project funded by World Bank is divided into 2 packages. One is from Mughalsarai to Karchana (near Allahabad) for 180 km and from Karchana to Bhaupur (near Kanpur) for 237 km in the state of Uttar Pradesh. The project involves Design and Construction of Civil, Structures and Track Works for Double Line Railway on Design-Build Lump Sum Basis and shall be completed in 45 months.
The Eastern and Western rail freight corridor projects are expected to be game changers in the country by creating the much required rail transportation capacity.