GMR group eyes Europe for power biz

GMR group eyes Europe for power biz
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Shortlisted for building 200 MW gas fired power plant in Malta Hyderabad : GMR group, the infrastructure...

Shortlisted for building 200 MW gas fired power plant in Malta

gmr groupHyderabad : GMR group, the infrastructure group promoted by G M Rao which is eyeing power business in Europe, has made to the shortlist of 11 bidders for building a 200 MW gas-fired power plant in Malta in the European continent.

The infrastructure group is competing with global biggies such as oil major Royal Dutch Shell, Italian utility major Edison and China's state-owned CPECC to win the project. These three giants were among the bidders who qualified in the first round.

The 11 bidders who were qualified will have to submit more detailed proposals by the end of July, and the contract is expected to be awarded to the winning bidder by the end of September, a person in know of this development said. Enemalta Corporation, the state-owned main provider of energy generation and distribution in the Maltese Islands, will give a commitment for power purchase to the successful bidder, it is said.

However, there is no official confirmation from GMR Group on this issue. As an infrastructure group, we do look at new opportunities wherever they are available. It will be inappropriate on our part to make on comment on speculative news, a GMR official said.

According to Enemalta, the new energy supplier will be required to supply nearly 200 MW power from a new gas-fired CCGT power plant and corresponding LNG facilities which may supply gas to the 150 MW existing Enemalta plant.

"In the following months, independent investors will first be pre-qualified and then will be invited to bid competitively to enter into a power purchase agreement and/or a gas supply agreement with a pre-condition to build, own and operate their gas and power plants at Enemalta's Delimara site to be fully commissioned by spring 2015," an Enemalta statement said.

A project development statement submitted by Enemalta Corporation to the Malta Environment and Planning Authority for construction of 200 MW gas power station and a terminal for natural gas facilities suggests that the liquefied natural gas (LNG) terminal will be floated offshore onto a barge.

GMR has developed storage and re-gasification units for a LNG terminal at the deep-water port at Kakinada, on the East coast in East Godavari district of Andhra Pradesh. Another bidder, Deawoo Shipbuilding and Marine Engineering, is also specialised in the sector.

GMR group is now a major player in power sector with three power plants already under operation. The group is building 12 more power projects which are under various stages of development across the country. The group is also into renewable energy sector including solar and wind.

(With inputs from PTI)

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