Tuesday, Apr 23 2024 | Time 01:46 Hrs(IST)
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Business Economy


Torrent Power wins bid for supply of power during peak summer

Torrent Power wins bid for supply of power during peak summer

New Delhi, Mar 1 (UNI) Private power company Torrent Power Limited (TPL) has emerged successful under competitive bidding and received Letter of Award from NTPC Vidyut Vyapar Nigam Limited (NVVN), for supply of power from its Gas-based Power Plant during forthcoming Summer’s crunch/high power demand periods from March 16, 2024 to June 30, 2024 period.

Government of India, through NVVN, has come up with the crunch / high-demand period scheme since last year to harness Gas-Based Power Generation (GBPG) so as to overcome country’s rising power demand, which particularly peaks during certain periods in summer months and, also, certain periods after monsoon.

Gas-based Power, with its high efficiency, flexibility, and much lower emissions, is considered well suited to meet the requirement during such high power demand periods.

Power will be supplied by TPL from its DGEN, Dahej, Power Plant. As per terms of the agreement between NVVN and TPL, 770 MW capacity has been contracted with minimum 388 MUs of guaranteed power to be supplied during March 16, 2024 to June 30, 2024 period.

The actual offtake of power, in addition to the minimum guaranteed, will depend on the power demand as encountered during the approaching summer.

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