Torrent Power has entered into a long-term Sale and Purchase Agreement with JERA Co., Inc., Japan’s largest power producer and a major global player in the LNG value chain, for the supply of up to 0.27 MMTPA of LNG over a 10-year period beginning in 2027. The company plans to use this LNG to operate its 2,730 MW combined-cycle gas-based power plants, support rising national power demand, manage peak loads and balance renewable generation.

The agreement will also cater to the growing LNG needs of Torrent Gas Ltd, the group’s city gas distribution business, ensuring reliable supply for residential, commercial and industrial consumers as well as CNG mobility. Torrent Power stated that the deal aligns with India’s clean energy objectives, helps secure competitively priced LNG for long-term operations and supports the Government’s target of increasing natural gas’s share to about 15 per cent by 2030.

With LNG prices currently softening, Torrent Power and Torrent Gas intend to explore additional medium- and long-term procurement options to diversify their portfolio and reinforce dependable energy supply across their power and gas distribution networks.