GVK Energy to Invest Rs 40000 cr on Thermal Power Plants in Andhra

GVK Energy Ltd, a subsidiary of GVK Power & Infrastructure Limited, will invest Rs 40,000 crore to produce 6,400 MW of electricity in Andhra Pradesh.

The firm will set up two coal-based power projects of 2,640 MW each and will add capacity to the two existing gas-based projects.

The super critical thermal power projects (4x660), will come up in coastal Andhra with an investment of Rs 16,000 crore each. While one project will be Indian coal based, the other will use imported coal.

Both the projects will be financed in the debt equity ratio of 4:1 and the first phase of both is expected to be commissioned in 2017-18.