Punjab govt buys private thermal power plant at Goindwal Sahib. Details here

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Punjab Chief Minister Bhagwant Mann on Monday said the state government has bought a 540-megawatt private thermal power plant at Goindwal Sahib..

The power plant, earlier owned by a private company GVK Power, has been bought for 1,080 crore, he said..

. "It is for the first time that a private power plant is being bought by the government," Mann said at a news conference here..

"For the first time, this reverse trend has started that the government has purchased any private power plant, whereas in the previous governments in the state used to sell assets to the favourite individuals at 'throw-away' prices," he said..

Mann said that coal from the Pachwara coal mine can be used only for government power plants so with the purchase of this power plant this coal can be aptly utilised for producing power to provide it to every sector of the state..