Torrent Power, an Indian energy and power company, has made the lowest bid for gas-based power supply of 1,090MW sought by the government of India to meet summer electricity demand, according to Reuters.
Two sources reported that Torrent Power quoted Rs13.70 ($0.17) per unit price to deliver 770MW for 45 days in the months of April and May 2023.
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The sources stated that the energy company will supply the electricity from its two gas-based projects located in the western state of Gujarat, adding that from Monday 10 April, a tender for 1GW gas-based power supply has been granted to Torrent Power.
Reliance Industries, which also participated in the bidding process, quoted Rs20.5 ($0.25) per unit for supply of 1,010MW.
Gama Infraprop managing director Rahul Goyal told the news agency that it was awarded a contract to deliver 90MW capacity.
NTPC’s power trading arm NVVN carried out the bidding process and invited bids for 5GW power supply from gas-based power plants. NTPC is India’s largest power producer.
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By GlobalDataIn October 2022, NTPC and GE Gas Power reached a memorandum of understanding (MoU) to trial hydrogen co-firing in gas turbines for carbon emissions reduction at its power plant in Gujarat, India.
Under the agreement, GE agreed to demonstrate the viability of hydrogen co-firing blended with natural gas in its gas turbines.
