{"id":20478,"date":"2015-06-22T11:56:14","date_gmt":"2015-06-22T11:56:14","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=20478"},"modified":"2015-06-22T11:56:14","modified_gmt":"2015-06-22T11:56:14","slug":"ap-transco-buys-out-gvk-powers-plant-in-andhra-pradesh","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ap-transco-buys-out-gvk-powers-plant-in-andhra-pradesh\/","title":{"rendered":"AP Transco buys out GVK Power&#8217;s plant in Andhra Pradesh"},"content":{"rendered":"<p>NEW DELHI: AP Transco has exercised its option to buy out GVK Power &#038; Infrastructure&#8217;s 217 MW (Phase 1) power plant in Andhra Pradesh. <\/p>\n<p>&#8220;The Power Purchase Agreement (PPA) signed by GVK Industries Ltd, a step down subsidiary of the company (GVK Power &#038; Infrastructure Ltd) with the erstwhile APSEB (now AP Transco) stands expired by June 20, 2015 as it had completed its validity period of 18 years,&#8221; GVK Power &#038; Infrastructure said in a regulatory filing. <\/p>\n<p>In this regard, GVK Industries has received a notice from the AP Transco stating that they have exercised their option to &#8216;Buy Out&#8217; &#8220;its 217 MW (Phase 1) Power Plant situated at Jegurupadu Village, Kadiam Mandal, Rajahmundry, East Godavari District, Andhra Pradesh in terms of the provisions specified under the PPA,&#8221; it said. <\/p>\n<p>The 217 MW Jegurupadu CCPP (combined-cycle power plant) phase 1, was commissioned in 1997, according to the company&#8217;s website.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: AP Transco has exercised its option to buy out GVK Power &#038; Infrastructure&#8217;s 217 MW (Phase 1) power plant in Andhra Pradesh. &#8220;The Power Purchase Agreement (PPA) signed by GVK Industries Ltd, a step down subsidiary of the company (GVK Power &#038; Infrastructure Ltd) with the erstwhile APSEB (now AP Transco) stands expired by June 20, 2015 as it had completed its validity period of 18 years,&#8221; GVK Power &#038; Infrastructure said in a regulatory filing. In this regard, GVK Industries has received a notice from the AP Transco stating that they have exercised their option to &#8216;Buy [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[132],"tags":[],"class_list":["post-20478","post","type-post","status-publish","format-standard","hentry","category-power"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/20478","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=20478"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/20478\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=20478"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=20478"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=20478"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}