Gujarat State Energy Generation Limited(GSEG)
KRIBHCO has invested in Gujarat State Energy Generation Limited (GSEG). It is a joint venture between Gujarat State Petroleum Corporation Ltd (GSPC), KRIBHCO, GAIL (India) Ltd and other Government of Gujarat Companies. In addition, SBI and IFCI are strategic partners. KRIBHCO has so far made equity contribution of Rs 102.0 Crore (27.9%).
GSEG is operating a 156 MW Combined Cycle Power Plant based on Natural Gas at Mora, District Surat, Gujarat. During the financial year 2015-16, GSEG declared availability 68.12 % due to non availability of gas at cheaper rate. The Profit after tax was approx Rs 104.5 Crores for the same financial year
GSEG also undertook expansion by installing another Combined Cycle Gas Based Project of capacity 351 MW at its existing Site at cost of Rs 1160 Crores. Commercial operation of the Expansion Project was declared on March 22, 2012.This plant will be operationalized after allocation of domestic natural gas.
For further details please visit GSEG site