Building powerhouses for a better tomorrow
GMR Energy is a part of GMR Group, which is one of the largest diversified Infrastructure Conglomerates in India. With an operating capacity of over 4400 MW, it has a balanced fuel mix of coal, gas, LSHS as well as renewable sources of wind and solar energy. Apart from this, plants of over 2300 MW generation capacity are under various stages of development in India and Nepal.
A balanced mix of power sales contracts in the short term, medium term and long term have given GMR Energy a unique strength in terms of portfolio diversity. An operating coal property in Indonesia provides essential requirement of fuel security. It has been allotted two coal blocks through the transparent e-auction and bidding process in India, Talabira I in Sambalpur district in Odisha and Ganeshpur in Jharkhand with estimated reserves of over 90 million tonnes. The company’s portfolio is now moving from developing projects (asset creation) to operating assets (revenue generation).
All operating units of GMR Energy hold the certifications of ISO 14001 for environment management, OHSAS 1800 for occupational health & safety and ISO 9001 for quality management systems.
In Nov 2016, Tenaga Nasional Berhad (Tenaga) invested 30% equity in GMR Energy Limited (GEL), for cash consideration of USD 300mn.
Tenaga is the largest power utility player in Malaysia with an integrated presence across the value chain of power generation, transmission & distribution. With a total installed capacity of 10,818 MW and 50% market share of the Malaysian grid’s generation capacity, it has significant experience in managing and operating power assets with several thermal power plants, large hydro plants and power distribution business across various countries.
Through this partnership, GMR Group is bringing a world class power developer and operator in Indian market. Tenaga’s experience would further facilitate GEL in improving the performance of its operational assets, develop it’s under development pipeline of hydro & renewable energy assets and drive future growth of the portfolio.