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GVK Power Ratlam Ltd.

Sector: Power Generation (CCGT) • Location: India

Source: World Bank Group

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GVK Power Ratlam Ltd, a subsidiary of GVK Group and the merged Novopan Industries, is developing a 120-MW, approximately $113.7m oil-fired power plant in Ratlam, Madhya Pradesh State. GVK Power Ratlam will be the primary contractor and operator of the project.

$43.7 million in debt financing was obtained from Indian financial institutions in 1996. A fuel supply agreement was signed in Septemb

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The project “GVK Power Ratlam Ltd.” is an infrastructure initiative in the Power Generation (CCGT) sector, located in India. Taiyo aggregates data on it from World Bank Group.

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Description

Description

GVK Power Ratlam Ltd, a subsidiary of GVK Group and the merged Novopan Industries, is developing a 120-MW, approximately $113.7m oil-fired power plant in Ratlam, Madhya Pradesh State. GVK Power Ratlam will be the primary contractor and operator of the project. $43.7 million in debt financing was obtained from Indian financial institutions in 1996. A fuel supply agreement was signed in September 1997. The project company negotiated an 18 year PPA with the Madhya Pradesh State Electricity Board (MPSEB). The IFC approved a $40 million direct loan, a US$ 70 million syndicated loan and a $8.3 million equity stake in its fiscal year 1994. In addition, in its fiscal year 1996, the IFC approved a $2.5 million guarantee. The power plant has been operational since June 1997. None None

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