| Torrent Power is one of the leading
brands in the Indian power sector, promoted by the Rs. 45 billion
Torrent Group – a group committed to its mission of transforming
life by serving two of the most critical needs - Healthcare and
Power. Torrent Pharmaceuticals Ltd., the flagship company of the Torrent Group, is a major player in the Indian pharmaceuticals industry with a vision of becoming a global entity in the arena.
With an all-round experience in generation, transmission and distribution
of power, and a proven track record of implementing large power
projects, Torrent Power is the most experienced private sector player
in Gujarat.
Torrent Power foresaw the prospects in the power sector much before
the liberalization, when it took-over an ailing power cable company
in 1989 (now known as Torrent
Cables Limited) and successfully turned it around.
The high points of Torrent’s foray into power however were
the acquisitions of two of the India’s oldest utilities –
The Surat Electricity Company Ltd and The Ahmedabad Electricity
Company Ltd.. Torrent turned them into first rate power utilities
comparable with the best,
in terms of operational efficiencies and reliability of power supply.
Torrent has a generation capacity of 1647.5 MW (500 MW operational,1147.5 MW under implementation) and distributes over 10 billion units of power to annually
Ahmedabad, Gandhinagar and Surat – the industrial and commercial
hubs of Gujarat.
And for over 1.9 million customers spread over an area of 408 Sq
Kms in these cities, Torrent Power has evolved into a lifeline that
continues to empower their lives-Uninterrupted
Torrent Power is setting up a 1147.5 MW SUGEN CCPP near Surat in Gujarat. Torrent’s answer to the growing demand for power, this project would be one of the first Greenfield mega power projects to be setup with LNG as the fuel. LNG has been acknowledged as the most eco-friendly fuel and also offers the benefit of lower generation cost per unit.
Distribution Franchise business is one area which Torrent Power has been aggressively pursuing as part of its expansion plans. Torrent Power created history by entering into the country’s first distribution franchisee agreement with Maharashtra State Electricity Distribution Company Limited for Bhiwandi Circle in December 2006.
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