GMR’s plant in Kakinada set to float away, again

GMR Group’s 220 MW barge-mounted power plant, which currently lies anchored on the coast of Kakinada, Andhra Pradesh, is set to float off again.

According to a report in BusinessLine, the country’s only barge-mounted plant was moved from its first location Tanir Bavi near Mangaluru to Kakinada in 2010. The plant has been lying shut for want of feedstock, natural gas.

It quoted a spokesman of the GMR Group as saying that the group was in talks with three companies. One of them will buy the plant and relocate it to (presumably) another developed country.

The spokesman mentioned Indonesia as one possibility. Incidentally, the group’s 200 MW Basin Bridge power plant in Chennai, which has completed its 15-year power purchase agreement period with Tamil Nadu’s electricity distribution company, is also ready to be dismantled and sold off.

Image Credit : img.etimg.com

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