Torrent Power Limited, a major private-sector integrated power utility, has received a Letter of Award (LoA) from MP Power Management Company Limited (MPPMCL) for the long-term procurement of power from a 1,600 MW coal-based thermal power project. This award follows Torrent Power's successful bid in a competitive tender conducted by MPPMCL at a tariff of Rs 5.829 per kWh.

As per the LoA, Torrent Power will develop a greenfield 2x800 MW Ultra-Supercritical power plant in Madhya Pradesh under the Design, Build, Finance, Own and Operate (DBFOO) model. The full capacity of the plant will be supplied to MPPMCL. Coal for the plant will be provided by MPPMCL under the Ministry of Coal’s SHAKTI Policy framework.

The project represents Torrent Group’s single largest investment in the power sector, estimated at approximately Rs 220 billion (Rs 22,000 crore). It is expected to be commissioned within 72 months of signing the Power Purchase Agreement (PPA).

Using Ultra-Supercritical technology, the plant will offer enhanced efficiency and substantially reduced carbon emissions compared to conventional coal-based plants. During construction, the project is expected to generate 8,000 to 10,000 direct and indirect jobs, while operations will support around 1,500 jobs.

Commenting on the development, Jinal Mehta, Vice Chairman and Managing Director of Torrent Power, stated, “This investment will play a key role in realising the Government of India’s target of adding 80 GW of coal-based capacity by 2032. It will also help in ensuring much-needed base load power to stabilise the national grid.”