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Torrent Power secures contract to supply 920 MW gas based electricity

13 Apr 2023 Evaluate

Torrent Power has received a contract to supply 920 MW gas based electricity from its DGEN and SUGEN plants under a tender of NTPC Vidyut Vyapar Nigam (NVVN). The ministry of power had designated NVVN as the nodal agency for procurement of up to 4,000 MW power from gas-based plants during identified crunch period (April 10, 2023 to May 16, 2023, with actual offtake for 21 days). The NVVN had floated a tender for this on March 10, 2023.

Torrent Power had participated in the e-tender and subsequent eRA (electronic reverse auction) and awarded 920 MW (770 MW from DGEN plant and 150 MW from SUGEN plant).

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.

Peers
Company Name CMP
NTPC 327.00
Tata Power 361.00
Adani Power 202.35
Power Grid Corpn. 263.50
Adani Energy Solut. 1350.00
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