Punjab Chief Minister Bhagwant Mann, along with his Delhi counterpart and Aam Aadmi Party (AAP) supremo Arvind Kejriwal, will dedicate the Guru Amardas Thermal Power Limited (GATPL), Goindwal, to the people of the state on February 11.
Sharing the information, Punjab Power Minister Harbjajan Singh ETO on Thursday said that the Punjab State Power Corporation Limited (PSPCL) incorporated GATPL on January 12, 2024, and the acquisition process stands completed as on February 07, 2024, by virtue of which GVK Power (Goindwal Sahib) Limited has become wholly owned subsidiary of GATPL.
“This thermal power plant has been named as Sri Guru Amardas Thermal Power Plant after the third Sikh Guru. Now, the thermal power plant of GVK Power (Goindwal Sahib) Limited is a property of the Punjab Government,” he added.
The Minister said that with this acquisition, the multiple cases filed by GVK Power (Goindwal Sahib) Limited, having a liability of about Rs 3,000 crores, shall stand extinguished, thus, the people of the State will get relief 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,” said the Minister.
“The talks are going on with the Union Ministry of Power so that coal from Pachhwara Mine shall be made available to run this plant efficiently in an economical way. It would help the state in gaining annual savings of about Rs 300 crores,” he said.
The Minister added that the Thermal Power Plant has about 1100 acres of land out of which about 700 acres have been utilized for the construction of the project and around 400 acres are still unused.
