Capacity to be enhanced in gas-based power plants
HYDERABAD: The GVK group is planning to expand the gas-based power plants at Gowthami and Jegurupadu with an investment of Rs.5,000-crore in the next two to three years.
Talking to reporters here on Thursday, Chairman GVK Group of Industries G.V. Krishna Reddy said that Gowthami would be expanded by adding 800 MW and Jegurupadu by another 400 MW. The present capacity of Gowthami is 440 MW, while that of Jegurupadu is 484 MW.
He said the equity would be around 25 per cent of Rs. 5,000 crore and the rest would be raised through loans. He said the Government had given consent for the proposed expansion.
While the expansion for Gowthami could go up to 1200 MW, the environmental and other clearances were obtained for 800 MW so far.
Mr. Reddy denied press reports that his company was likely to join hands with Mukesh Ambani group to bid for Hyderabad Metro rail project. Stating that he had no objection for such a tie-up, he pointed out that all over the world no single company would bid for a big infrastructure project. He however said that no discussions had taken place between the two companies.