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Tag: GVK Power & Infrastructure
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GVK to exit Punjab power plant
GVK Power & Infrastructure is planning to sell its under construction 540 MW Goindwal Sahib power plant in Punjab to NTPC. The project expected to be commissioned in the first quarter of 2014-15, has a 25 year power purchase agreement with the Punjab State Power Commission.
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GVK ties-up with Indonesian govt for Java airport project
To build a second airport in Yogyakarta of Java city in Indonesia, GVK Power & Infrastructure is joining hands with the Indonesia's State-owned infrastructure firm PT Angkasa Pura I. Angkasa Pura will fund the project through loans or equity.
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GVK gets green nod for its Australia mine project
In western Queensland of Australia, Hyderabad-based GVK Power & Infrastructure has received environmental approval from the Australia's Coordinator-General for its $4.2-billion Kevin's Corner mine project in the Galilee Basin. The Kevin's Corner project, proposes a 30-million tonne per annum (mtpa) underground and open-cut coal mine and other associated infrastructure 65 kilometre north-west of the Alpha township.
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GVK may seek recast of premium payment for 330 km project
GVK Power & Infrastructure may request National Highways Authority of India (NHAI) to reschedule its premium payment for a highway project in Madhya Pradesh. Media reports suggest that the company may submit a proposal to the NHAI on the lines of infrastructure major GMR Infrastructure
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NHAI and concessionaires must iron out issues keeping the spirit of PPP in mind
Recently, GMR Infrastructure and GVK Power & Infrastructure exited from two mega road projects (that they agreed to set up under public private partnership [PPP] model) citing delay in environmental clearances. While GVK withdrew from an around Rs 3,000-croreShivpuri-Dewas project in Madhya Pradesh, GMR abandoned its over Rs 6,000-croreKishangarh-Udaipur-Ahmedabad project.
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GVK cancels Shivpuri-Dewas road contract in MP
GVK Power & Infrastructure has terminated a road contract with NHAI in Madhya Pradesh. The tollway was to come up in Shivpuri Dewas section. But the concessionaire GVK decided to terminate the contract entered by its subsidiary with NHAI last year due to delays in securing mandatory clearances, including right of way.
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NHAI feels cost overrun as reason for exit from projects
RP Singh, Chairman of the National Highway Authority of India (NHAI) claimed that the change in the economic scenario and escalation of cost prompted two highway developers to exit mega projects recently. It may be recalled that GMR Infrastructure terminated the contract for the Rs 5,700 crore Kishangarh-Udaipur-Ahmedabad Expressway with NHAI on g
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GVK to upgrade Bali airport
For the operation, management and development of commercial facilities at Denpasar International Airport in Bali of Indonesia, GVK Power & Infrastructure has entered into an agreement. The Hyderabad-based diversified infrastructure company has signed a management contract with the Airports Authority of Indonesia, (Angkasa Pura Airports API), the Indonesian Government airport operator to manage the non-aeronauÂtical commercial operations at IndonesiaÂ’s second busiest Bali (Denpasar) International
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GVK ties-up with Indonesia to upgrade Bali airport
For the operation, management and development of commercial facilities at Denpasar International Airport in Bali of Indonesia, India-based GVK Power & Infrastructure has entered into an agreement. The Hyderabad-based diversified infrastructure company manages the operation of the Chhatrapati Shivaji International Airport (CSIA) in Mumbai and the Bengaluru International Airport.
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