Intimation Of Gas Plant Shutdown Due To Higher Natgas Prices

Gujarat Industries Power

17/03/2022 14:23

March 17 (Reuters) - Gujarat Industries Power Company Ltd
 GJIP.NS :
    * GUJARAT INDUSTRIES POWER COMPANY LTD - INTIMATION OF
NON-OPERATION OF 145 MW COMBINED CYCLE POWER PLANT, GAS
BASEDSTATION-1
    * GUJARAT INDUSTRIES POWER COMPANY LTD - NON OPERATION
MAINLY DUE
TO INCREASE IN NATURAL GAS PRICE
    * GUJARAT INDUSTRIES POWER COMPANY LTD - WAR BETWEEN RUSSIA
AND
UKRAINE IS IMPACTING GAS AVAILABILITY
    * GUJARAT INDUSTRIES POWER COMPANY LTD - MAY RESUME
OPERATIONS
ONCE GAS PRICES ARE BACK TO NORMAL LEVELS
    * GUJARAT INDUSTRIES POWER CO - MAKING ALL POSSIBLE EFFORTS
FOR
SOURCING CHEAPER GAS TO MAKE PLANT OPERATIONAL
    * GUJARAT INDUSTRIES POWER COMPANY LTD - ANTICIPATE THAT
TOTAL
REVENUE FOR FY 2021-22 MAY BE IMPACTED BY 1.50 BILLION RUPEES
    * GUJARAT INDUSTRIES POWER CO - REVENUE MAY BE REDUCED
FURTHER BY
AROUND 750 MILLION RUPEES PER QUARTER FROM FY2022-23 TILL PLANT
RESUMES NORMAL OPERATIONS

Source text for Eikon:  ID:nBSEXfxYc 
Further company coverage:  GJIP.NS 

 ((Reuters.Briefs@thomsonreuters.com;))