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Friday, June 5, 2009
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Update at 1515 hrs (IST)


Corporate
GVK Power signs revised pact with PSEB

MUMBAI: GVK Power & Infrastructure Ltd has informed the BSE that GVK Power (GoindwalSahib) Ltd, a wholly owned subsidiary of the company has signed the Amended and Restated Power Purchase Agreement with the Punjab State Electricity Board (PSEB) on May 26 for implementing the 2x270 MW Coal based Thermal Power Plant at Goindwal Sahib in Punjab.

Further, the comapany’s subsidiary has also signed an Escrow Agreement with PSEB and their bankers on June 4 for the project.

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