A Gujarat-based PSU, Gujarat Mineral Development Corporation (GMDC), has recently announced that it had entered into a power purchase agreement with Gujarat Urja Vikas Nigam Ltd (GUVNL). This development occurred after the Gujarat Electricity Regulatory Commission (GERC) recently approved crucial amendments to the power purchase agreement (PPA) of GMDC.
The GMDC stated that such amendments governing the supply of 250 MW of power from the Akrimota Thermal Power Station (ATPS) between Gujarat Mineral Development Corporation and GUVNL marks a leap towards enhancing operational efficiency and sustainability.
GMDC’s Managing Director, Mr. Roopwant Singh, said, “GMDC’s proactive and calculated rescaling of the ATPS represents a significant milestone in the company’s effort to safeguard the interests of its investors. This initiative signifies a substantial progress towards ensuring the turnaround and sustainable profitability of GMDC’s power asset which was continually under stress earlier.”
