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 6 months from October 01, 2015 to March 31, 2016. 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 on an average at least around 35% PLF from the base level of approximately 25.60% PLF, while it will enable UNOSUGEN and DGEN projects to run on an average at least around at 25.5% PLF.
Based on the award, UNOSUGEN and DGEN projects would be entitled to subsidy support of Rs 1.44 per kWh and SUGEN project would be entitled to subsidy support of Rs 1.94 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.
