ET reported that Kamalanga Energy Limited a group company of group has entered ito an agreement with Bihar State Electricity Board under case I bidding to supply 260 MW power the company said in a press release.

Mr KVV Rao MD of GKEL said with this agreement GKEL has tied up 85% of its power sale under tariff policy.

Mr Rao added that this makes GKEL eligible to avail mega power status under the new policy. GKEL is the first Power project in the country eligible to receive mega power status under the new policy.

GKEL promoted by the GMR Group is presently executing the 1050 MW 3x350 MW coal-based thermal power project at Kamalanga in Orissa's Dhenkanal District besides BSEB GKEL has executed power purchase agreements with grid corporation of Orissa Haryana power generation corporation and power trading corporation.

(Sourced Equity Bulls)