Torrent Power wins bid to supply gas-based power during crunch period in summers this year

As per terms of the agreement between NVVN and TPL, 770 MW capacity has been contracted with minimum 388 million units (MUs) of guaranteed power to be supplied during March 16 to June 30.

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) on March 1 for supply of power from its gas-based power plant during the crunch or high-power demand
periods in the impending summer.

The crunch period has been projected to be between March 16 to June 30. The 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 the country’s rising power demand, which particularly peaks during certain periods in summer months and, also, certain periods after monsoon.

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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 1,200 MW DGEN, Dahej power plant. As per terms of the agreement between NVVN and TPL, 770 MW capacity has been contracted with minimum 388 million units (MUs) of guaranteed power to be supplied during March 16 to June 30.

India's peak electricity demand is likely to touch 256.5 GW in 2024 from a record 243 GW in 2023. Government officials expect electricity demand to surge to a high of 384 GW in 2031-2032.

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