GVK Power & Infrastructure sells power plant to AP Transco

gvk GVK Power & Infrastructure Ltd said it has sold its 217 MW (Phase 1) Power Plant situated at Jegurupadu Village, in Rajahmundry in Andhra Pradesh to AP Transco, the Andhra Pradesh power transportation utility, as per an agreement.

“GVK Industries Ltd has received a notice from the AP Transco stating that they have exercised their option to buy out its 217 MW (Phase 1) Power Plant… in terms of the provisions specified under the power purchase agreement,” the company said.

With this, the power supply agreement between GVK Industries Limited, a step down subsidiary of the Company with the erstwhile AP Transco also stands expired by June 20, 2015 as it had completed its validity period of 18 years, it added.