Gujarat Industries Power Company (GIPCL) has received Letters of Intent (LoIs) from Solar Energy Corporation of India (SECI) for execution of a solar power project in Gujarat. The company had last month emerged as a successful bidder in the e-reverse auction for 2x40-MW solar power project in Gujarat Solar Park, Village Charanka, under the National Solar Mission Phase-II of Batch IV.
GIPCL is a Vadodara-based public limited company engaged in the business of power generation with an installed capacity of 815 MW as on March 31, 2015. The company operates two gas based power plants in Vadodara, VS-I and VS-II aggregating 310 MW and two lignite-based power plants in Surat, SLPP-I and SLPP-II aggregating 500 MW.
| 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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