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Gujarat Industries Power Company inks agreements under PSDF Support Scheme

03 Oct 2015 Evaluate

Gujarat Industries Power Company (GIPCL) has inked following agreements on September 30, 2015, under the Power System Development Fund (PSDF) Support Scheme (Phase II) of the MoP, Government, of India, for Gas based Power Plants receiving domestic gas (DGP).

The company has signed PSDF Support Agreement with MoP, Gol, to generate and supply incremental 17.59 Million Units (MUs) of electricity to the state grid during the period from October 01, 2015 to March 31, 2016 from GIPCL’s 160/165 MW Gas based Combined Cycle Power Plant (CCPP), Station II, at Vadodara.

The company has also inked agreement with GAIL for supply of 39.61 Million SCM e-bid R-LNG for GIPCL’s 160/165 MW CCPP, Station II, at Vadodara and Power Purchase Agreement (PPA) with GUVNL for generation and supply of incremental 17.59 million units of electricity by GIPCL to the state grid.



Guj. Inds. Power Share Price

154.95 0.05 (0.03%)
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