After the company backed out of the project, NHAI moved the Supreme Court seeking modification of its guidelines mandating forest clearance prior to environmental clearance, saying the related procedures have delayed and stalled 22 important projects worth over Rs 20,000 crore.
In an interview with CNBC-TV18, Issac George, director - finance, GVK Power, said that the company is confident or getting clarity on the issue and since the matter is sub-judice, he cannot comment on it. He also said that GVK had a few rounds of discussion with NHAI and once the SC verdict is out, there will be lot more clarity.
Below is the edited transcript of his interview to CNBC-TV18.
Q: Can you brief us what is happening with Shivpuri-Dewas expressway? How have you carried that on your books and is it true that the NHAI plans to ban companies which have pull out of projects after bidding for them?
A: I cannot comment on this because the matter is sub-judice and is in the court. We had couple of rounds of discussions with NHAI and I am confident that the matter will be resolved soon. We need to wait for the verdict of the Supreme Court.
Q: By when do you expect a verdict and when will you have next discussion with NHAI?
A: We completed discussions about two days back. I think we will have to meet couple of times before taking any decision is taken.
Q: Any idea that you can give us about where things stand with MMRDA with the real estate monetisation that your investors have been looking out for the last year or so?
A: One last approval from the Chief Minister is pending. We are hoping that it will come anytime. There is no reason why this should get delayed. Once that comes in then possibly monetisation should happen. We are very confident now that we should have the first monetisation in place by June 30.
However, this has been a moving target and we have not been in a position to meet the targets earlier. I hope this time around we will be in a position to meet it before June 30.
Q: The observation on your numbers seems to be that the revenue contribution from power is becoming less and less as also that you are functioning on pretty low plant load factors (PLF) right now. Could you walk us through what you see both in terms of revenue contribution from power and where PLFs are right now for you?
A: The basic reason why power did not perform very well was because gas has not been supplied to the quantity that it is required. Out of the three power plants that we have, totalling about 908 megawatts, the first one which has a capacity of 220 megawatts operated at 55 percent PLF.
They get gas from Gas Authority of India. So, that was a reasonable level. However, I am not very comfortable with that 55 percent. Two plants get gas from Reliance Industries; one of the plants which is Jegurupadu 2, has a capacity of 228 megawatts operated at 29 percent PLF which is ridiculously low. The third one, Gautami, which has a capacity of 464 megawatts operated just 19 percent PLF.
The non-performance was basically attributed to the non-supply of gas. We were available in these three projects at 100 percent of the capacity. If I would've had gas, I should've been in a position to operate at 100 percent capacity. That was the basic issue. They were factors beyond our control. We are trying our best to see whether we can have alternative sources, but then there are limitations from that.
Anda sedang membaca artikel tentang
Awaiting final nod for MIAL monetisation: GVK Power
Dengan url
http://gayafashionshow.blogspot.com/2013/02/awaiting-final-nod-for-mial.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Awaiting final nod for MIAL monetisation: GVK Power
namun jangan lupa untuk meletakkan link
Awaiting final nod for MIAL monetisation: GVK Power
sebagai sumbernya
0 komentar:
Posting Komentar