In a New Year bonanza to the residents of the state, Punjab Chief Minister Bhagwant Singh Mann on Monday said that the state has created history by purchasing Goindwal power plant owned by a private company GVK Power at a cost of Rs 1080 crore.
The Chief Minister said that for the first time this reverse trend has started that the government has purchased any private power plant whereas in the past the state governments used to sell their assets to the favorite individuals at ‘throw away’ prices. He said that the power plant is the cheapest purchase made by any state/private company as other power plants like Korba West, Jhabua Power and Lanco Amarkantak of capacity 600 MW have been purchased at Rs 1804 crore, Rs 1910 crore and Rs 1818 crore respectively. He said that the 540 MW power plant has been purchased at Rs 2 crore per MW. Bhagwant Singh Mann said that this is much less than other power plants whose acquisition has been made at Rs 3 crore per MW. Bhagwant Singh Mann said that will be named as Sri Guru Amardass Thermal Power plant after the third Sikh Guru.
