CHANDIGARH: Punjab Power Minister Harbjajan Singh ETO on Thursday stated that the Chief Minister Bhagwant Singh Mann together with Delhi Chief Minister Arvind Kejriwal will dedicate the Guru Amardas Thermal Power Limited (GATPL), Goindwal to the folks of the state on February 11, 2024.
Disclosing this in a press communiqué issued right here, the Power Minister stated that the Punjab State Power Corporation Limited (PSPCL) included GATPL on January 12, 2024 and the acquisition course of stands accomplished as on February 07, 2024, by advantage of which GVK Power (Goindwal Sahib) Limited has develop into wholly owned subsidiary of GATPL. He stated that this thermal energy plant has been named as Sri Guru Amardas Thermal Power Plant after the third Sikh Guru. He stated “Now, the thermal power plant of GVK Power (Goindwal Sahib) Limited is a property of the Punjab Government”, he added.
The Power Minister stated that with this acquisition, the a number of circumstances filed by GVK Power (Goindwal Sahib) Limited having a legal responsibility of about Rs 3000 Crores shall stand extinguished, thus, the folks of the state will get reduction from sudden tariff shocks. “The reduction in overall tariff unlocks benefits for end-consumers and improvement in the availability of power in the State of Punjab”, stated ETO.
He stated the talks are occurring with the Union Ministry of Power in order that coal from Pachhwara Mine shall be made out there to run this plant effectively in a cheap method. He stated that it will the state in gaining annual financial savings of about 300 Crores. He stated that the Thermal Power Plant has about 1100 acres of land out of which about 700 acres have been utilized for the development of the venture and round 400 acres are nonetheless unused.