January 21, 2017 5:01 PM ET

Construction and Engineering

Company Overview of GMR Kamalanga Energy Limited

Company Overview

GMR Kamalanga Energy Ltd. undertakes the development of power projects. The company was incorporated in 2007 and is based in India. GMR Kamalanga Energy Ltd. operates as a subsidiary of GMR Energy Limited.

IBC Knowledge Park

Phase 2, D Block

11th Floor

4/1, Bannerghatta Road

Bangalore,  560 029

India

Founded in 2007

Phone:

91 80 4043 2000

Key Executives for GMR Kamalanga Energy Limited

GMR Kamalanga Energy Limited does not have any Key Executives recorded.

GMR Kamalanga Energy Limited Key Developments

GMR Kamalanga Energy Ltd Secures Order from Central Electricity Regulatory Commission

GMR Infrastructure Ltd. subsidiary GMR Kamalanga Energy Ltd. has been successful to receive an encouraging order from the Central Electricity Regulatory Commission (CERC) to adjust tariff for delivering 300MW of energy from the Odisha-based 1,050MW coal-fueled electricity generation facility as part of a power purchase agreement (PPA) with distribution companies (discoms) in Haryana. The CERC has offered its approval via an order dated February 3, 2016, to the power project to hike tariff and compensation. As per the recent order, compensation for utilizing imported coal or open market coal at actual cost to the level of shortage in linkage coal for supplies under the PPA and also compensation because of amendments in law. The compensation for utilization of imported coal/open market coal will be based on the amount of coal deployed during a period and the coal price. Moreover, the compensation due to the impact of law amendment allowed by the CERC has been calculated at about INR 0.20 for each unit for future energy supplies and the outstanding amount has been determined at an average of INR 0.14 for each unit of power delivered.

SembCorp And Kepco Reportedly In Talks To Buy GMR's Odisha Plant

Sembcorp Industries Ltd (SGX:U96) and Korea Electric Power Corp. (KOSE:A015760) are in separate talks to buy GMR group's 1,400 MW power project in Odisha. The project in question is GMR Kamalanga Energy Limited at Kamalanga in Dhenkanal. "GMR has a strategy of divesting stake in selective assets. The Kamalanga project is being offered for a strategic sale. Sembcorp and Kepco are evaluating it," said a person aware of the development requesting anonymity. GMR spokesperson declined to comment and queries emailed to spokespersons of Sembcorp and Kepco remained unanswered till press time.

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