Torrent Power to establish 1600 MW project

Torrent Power has been awarded a letter of award from MP Power Management Company Ltd  (MPPMCL) for its 1,600 MW coal-based plant, valued at around ₹22,000 crore.

Torrent Power has been awarded a letter of award (LoA) from MP Power Management Company Ltd (MPPMCL) for its planned 1,600 MW coal-based plant, with an investment of around ₹22,000 crore, making it the largest investment by the Torrent Group.

The greenfield plant, utilising 2×800 MW ultra-supercritical technology, will be constructed under the Design, Build, Finance, Own, and Operate (DBFOO) model, with a tariff set at ₹5.829 per kWh. MPPMCL will arrange coal for the power plant under the Ministry of Coal’s SHAKTI Policy, with commissioning expected within 72 months from the 25-year Power Purchase Agreement (PPA).

Jinal Mehta, Vice Chairman and Managing Director of Torrent Power, said, “This investment will play a significant role in achieving the target of 80 GW of additional coal-based capacity by 2032 to support the country’s economic growth and to add much-needed base load capacity to stabilise the grid.”

The Torrent Power project is projected to generate 8,000 to 10,000 jobs during construction and 1,500 during operations, with a locked-in generation and pump storage capacity of 9.6 GWp and 3 GW.