+
Torrent Power emerges as lowest bidder for power supply contract
POWER & RENEWABLE ENERGY

Torrent Power emerges as lowest bidder for power supply contract

According to two sources, Torrent Power has beaten Reliance Industries to the lowest bid for the supply of 1,100 megawatts of gas-based power sought by the Indian government to meet expected record demand this summer.

According to the sources, Torrent Power quoted 13.70 rupees per unit price for supply of 770 megawatts each for 45 days in April and May from two of its gas-based projects in the western state of Gujarat. Gama Infraprop of Uttarakhand quoted 14.9 rupees per unit, while RIL quoted 20.5 rupees per unit for the supply of 1010 megawatts, they said on condition of anonymity because the contracts had not yet been awarded.

"The government is likely to award contracts to Torrent Power for 1,100 megawatts," one of the officials said. NTPC, Reliance Industries, and Torrent Power did not respond to Reuters' request for comment right away.

NVVN, the power trading arm of India's largest power producer NTPC Ltd, conducted the bidding. On the direction of the power ministry, NVVN Ltd invited bids for a 5,000-megawatt power supply from gas-fired power plants. According to the bid documents, NVVN will purchase power from the winning bidder from April 10 to May 16, 2023.

To increase power availability, the company will sell the power on the spot market. The federal power ministry will bridge the under-recovery through its Power System Development Fund (PSDF). India expects its maximum demand to peak at 230-gigawatts this year and is taking various measures to avert power cuts. The government has brought forward maintenance at some coal-fired power plants and secured extra NTPC gas-fired capacity. However, about 24-gigawatts of its gas-based power generation capacity remains underutilised due to a lack of fuel.

Also Read
Second Hooghly bridge road undergoes its first renovation
NHAI starts work on Shimla Mataur NH project


According to two sources, Torrent Power has beaten Reliance Industries to the lowest bid for the supply of 1,100 megawatts of gas-based power sought by the Indian government to meet expected record demand this summer. According to the sources, Torrent Power quoted 13.70 rupees per unit price for supply of 770 megawatts each for 45 days in April and May from two of its gas-based projects in the western state of Gujarat. Gama Infraprop of Uttarakhand quoted 14.9 rupees per unit, while RIL quoted 20.5 rupees per unit for the supply of 1010 megawatts, they said on condition of anonymity because the contracts had not yet been awarded. The government is likely to award contracts to Torrent Power for 1,100 megawatts, one of the officials said. NTPC, Reliance Industries, and Torrent Power did not respond to Reuters' request for comment right away. NVVN, the power trading arm of India's largest power producer NTPC Ltd, conducted the bidding. On the direction of the power ministry, NVVN Ltd invited bids for a 5,000-megawatt power supply from gas-fired power plants. According to the bid documents, NVVN will purchase power from the winning bidder from April 10 to May 16, 2023. To increase power availability, the company will sell the power on the spot market. The federal power ministry will bridge the under-recovery through its Power System Development Fund (PSDF). India expects its maximum demand to peak at 230-gigawatts this year and is taking various measures to avert power cuts. The government has brought forward maintenance at some coal-fired power plants and secured extra NTPC gas-fired capacity. However, about 24-gigawatts of its gas-based power generation capacity remains underutilised due to a lack of fuel. Also Read Second Hooghly bridge road undergoes its first renovation NHAI starts work on Shimla Mataur NH project

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code