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Torrent Power’s Power Plant receives Letter of Award for gas allocation

18 May 2015 Evaluate

Torrent Power’s (TPL) - SUGEN Mega CCPP (capacity 1147.5 MW), UNOSUGEN CCPP (capacity 382.5 MW) and DGEN Mega CCPP of TPL’s wholly owned subsidiary Torrent Energy (TEL) (capacity 1200 MW) have been awarded Letter of Award for allocation of gas for a period of 4 months from June 01, 2015 to September 30, 2015. These plants emerged as successful bidders through highly competitive and transparent online reverse auction process organized by Ministry of Power (MOP).

SUGEN project was categorized as plant receiving some domestic gas and operating at lower PLF. UNOSUGEN and DGEN projects were categorized as stranded projects. The award will enable SUGEN project to run at 35% PLF from the base level of approximately 25.60% PLF, while it will enable UNOSUGEN and DGEN projects to run at 35% PLF.

Based on the award, UNOSUGEN and DGEN projects would be entitled to subsidy support of Rs 1.42 per kWh and SUGEN project would be entitled to subsidy support of Rs 1.75 per kWh. The maximum price of electricity that may be charged by DGEN and UNOSUGEN projects is Rs 4.70 per kWh and by SUGEN is Rs 3.39 per kWh.

The allocation of gas is as per the program for gas auction finalized by MOP for gas supply to stranded plants and plants receiving some domestic gas. The process is planned for 2 years of which current auction covers a period of 4 months.


Torrent Power Share Price

1565.30 43.30 (2.84%)
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Company Name CMP
NTPC 393.65
Tata Power 427.45
Adani Power 198.40
Power Grid Corp 318.05
Torrent Power 1565.30
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