Torrent Power plans to install 8,600 MW capacity

Ahmedabad-based Torrent Power is targeting 8,600 MW of generation capacity, through various green and brown field power projects. On completion, it will join the league of other private players - Tata Power and Reliance Power. Though the company has not indicated the capital outlay estimates and method of funding of the new projects, the cost of all projects could be in the region of Rs. 225bn (@ Rs. 3 crore per MW).

The plans include:

1. Upgrade of 1,148 MW CCGT project coming up at Sujen in Surat district by another 3,000 MW. The land acquisition process has commenced for the expansion, and the first phase of the project is expected to be online by year-end.
2. A 1,500 MW CCGT plant that will come up at Dahej SEZ, near Bharuch, for which Torrent has been named as co-developer.
3. A 2,000 MW coal-fired power plant in Pipavav in the Saurashtra region. The coal will be sourced from Orissa. A new company, Torrent Pipavav Generation Ltd. has been incorporated as a subsidiary to implement the project.
4. A 1,000 MW coal-fired power plant in Chattisgargh. An agreement has already been signed with the state government and the Chhattisgarh SEB.

Tata Power’s existing generation capacity is 2,389 MW, which is expected to reach 12,861 MW by 2013 (including 4,000 MW Mundra UMPP being executed by the SPV - Gujarat Coastal Power Ltd).

NTPC has a generation capacity of 27,350 MW, and is planning to add another 45,000 MW by 2017.

RPL, through its own and subsidiaries is currently developing 13 medium and large sized power projects with a combined installed capacity of 28,200 MW.