Torrent Power gets LoA from NTPC Vidyut Vyapar Nigam

02 Mar 2024 Evaluate

Torrent Power (TPL) has emerged successful under competitive bidding and received Letter of Award (LoA) from NTPC Vidyut Vyapar Nigam (NVVN) on March 01, 2024, for supply of power from its Gas-based Power Plant during forthcoming Summer’s crunch/high power demand periods from March 16, 2024 to June 30, 2024 period.

Government of India, through NVVN, has come up with the crunch / high-demand period scheme since last year to harness Gas-Based Power Generation (GBPG) so as to overcome country’s rising power demand, which particularly peaks during certain periods in summer months and, also, certain periods after monsoon. Gas-based Power, with its high efficiency, flexibility, and much lower emissions, is considered well suited to meet the requirement during such high power demand periods.

Power will be supplied by TPL from its DGEN, Dahej, Power Plant. As per terms of the agreement between NVVN and TPL, 770 MW capacity has been contracted with minimum 388 MUs of guaranteed power to be supplied during March 16, 2024 to June 30, 2024 period. The actual offtake of power, in addition to the minimum guaranteed, will depend on the power demand as encountered during the approaching summer.

Torrent Power is an integrated utility engaged in the business of power generation, transmission and distribution with operations in the states of Gujarat, Maharashtra and Uttar Pradesh.

Torrent Power Share Price

1476.80 -154.05 (-9.45%)
20-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
NTPC 333.30
Tata Power 401.25
Power Grid Corp 315.75
Adani Power 498.45
Torrent Power 1476.80
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