Torrent Power Ltd has received a Letter of Award (LoA) from MP Power Management Company Ltd (MPPMCL) for the development of a 1,600 MW coal-based thermal power plant in Madhya Pradesh. The greenfield facility, based on 2x800 MW ultra-supercritical technology, will be executed under the Design, Build, Finance, Own, and Operate (DBFOO) model at a tariff of Rs 5.829 per kWh.

The Rs 220 billion project marks the Torrent Group’s single largest investment in the power sector to date. The plant is expected to be commissioned within 72 months of the power purchase agreement, with the entire power output contracted to MPPMCL.

Coal supply for the plant will be arranged by MPPMCL under the Ministry of Coal’s SHAKTI policy. Torrent stated that the use of ultra-supercritical technology will enable higher efficiency and lower emissions compared to conventional thermal plants.

The construction phase is projected to generate between 8,000 and 10,000 jobs, with around 1,500 positions created for ongoing operations.

Jinal Mehta, Vice Chairman and Managing Director of Torrent Power, said, “This project will contribute meaningfully to India’s goal of adding 80 GW of coal-based capacity by 2032 and support grid stability through reliable base load power.”