The power plant would be located near its existing 388MW power plant at Vemagiri in Andhra Pradesh. A power vehicle that oversees the power projects of GMR Infrastructure, GMR Energy operates three power projects under generation with a combined capacity of around 800MW.
The company over the next few years intends to add 4,200MW till 2015. Additionally the company has added 2,000MW to this plan by planning a 1,200MW plant on the west coast and another one with 800MW in Eastern India.
Recently, the company has achieved financial closure for its 1,050MW, coal-fired project in Orissa and has achieved another closure for its 1,200MW plant at Chhattisgarh.
GMR is expanding its Vemagiri power plant capacity by more than double. Of the total addition of 4,200MW, 2,250MW would be coal-fired and 1,190MW would be hydro-powered, while the rest 750MW of natural gas.
Recently, the company added 600MW project being constructed in Maharashtra from EMCO, and prior to it, GMR acquired 800MW natural gas-fired power project in Singapore. The company also has a 50% stake in InterGen, a global power generation company, which has a gross operating capacity of 7,700MW across five countries, and has an additional 2,800MW capacity that is under development.
Earlier, the company, for these projects, has acquired two coal mines in Indonesia and South Africa. It has acquired 100% stake in a coal mine PT BSL, Indonesia with a mine life of 25 years for approximately $80m. The company has also acquired around 34% stake in Homeland Energy Group (HEG), through its subsidiaries in South Africa, owns a controlling interest in the already operational Kendel mines, fully-explored Eloff Mines and also other exploration areas with total mineable reserves of around 300 million metric tonnes.
