Torrent Power Ltd signs pact with Japanese firm for LNG procurement

Torrent Power Limited (TPL) on Monday signed a long-term Sale and Purchase Agreement with JERA Co. Inc for procurement of up to 0.27 MMTPA (Million Metric Tonnes per annum) of LNG for a period of ten years starting 2027.

JERA is Japan’s largest power generation company and a global leader across the LNG value chain.

The announcement was made by TPL in a media release Monday.

The release said, “The LNG procured under this agreement will be strategically utilized by TPL, including to operate its 2,730 MW Combined Cycle Gas-Based Power Plants (GBPPs) in India to meet the country’s rising power demand, peak demand periods’ support, and balancing the Renewables. It will also support the Torrent Group’s City Gas Distribution (CGD) arm – Torrent Gas Ltd.’s (TGL), growing requirement of LNG to ensure reliable supply of gas for households, commercial and industrial consumers and CNG vehicles.”