Torrent Power Bags MoP’s Gold Shield for two years:
GoI recognizes outstanding performance in power distribution

Ahmedabad
March 26, 2007

The Ahmedabad based power utility Torrent Power Limited has bagged the Gold Shield for two consecutive years, 2004-05 and 2005-06, for outstanding performance in power distribution by the Government of India.

The award was given away by the Hon'ble Prime Minister of India, Shri Manmohan Singh on March 21, 2007 at a function held in New Delhi. The Ministry of Power has constituted a Comprehensive Award Scheme for recognizing meritorious performance of power utilities. Torrent Power bagged the award for its low AT&C losses, high reliability of power and sound financial performance.

Speaking on the occasion, Sudhir Mehta, Chairman- Torrent Power, said: “Our low T&D losses at 9% and high power reliability of 99.87%, are comparable with the best in the world. This award is a recognition of this superior performance that we have been recording with consistency.”

Torrent Power, with a generating capacity of 500 MW, distributes 7 billion units to over 18 lakh customers in the cities of Ahmedabad, Gandhinagar and Surat. The company is implementing an 1130 MW gas-based greenfield generation project near Surat which is scheduled to be commissioned by the third quarter of 2007. The Company has recently been awarded the first urban distribution franchise for Bhiwandi in Maharashtra.