Torrent Power Ltd will invest ₹22,000 crore to set up a greenfield 1600 MW ultra-supercritical power plant in Madhya Pradesh (MP); the entire power from the plant will be supplied to the MP Power Management Company Ltd (MPPMCL).
The Ahmedabad-based company on Saturday said it had received a Letter of Award (LoA) from MPPMCL for long-term procurement of power from the 1,600 MW new coal-based power plant. “The LoA is received pursuant to the company’s participation in the competitive bidding process conducted by MPPMCL, at a tariff of ₹5.829 per kWh,” the company stated in a release.
Torrent Power will set up a greenfield 2×800 MW Ultra-Supercritical power plant on Design, Build, Finance, Own, and Operate (DBFOO) model at Annupur in MP and supply the entire capacity to MPPMCL. The requisite coal for the power plant will be arranged by MPPMCL under the SHAKTI Policy of the Ministry of Coal. The project is to be commissioned within 72 months from the date of execution of the PPA, the company added.
The project will be based on Ultra-Supercritical technology, which is efficient and results in significantly lower carbon emissions compared to conventional power plants. Jinal Mehta, Vice-Chairman and Managing Director, Torrent Power, said, “This investment by Torrent Power will play a significant role in achieving GoI’s ambitious target of 80 GW of additional coal-based capacity by 2032 to support the country’s economic growth and to add base load capacity to stabilise the grid.”
The project is expected to create about 1,500 direct and indirect jobs in the operations phase. With the addition of this capacity, Torrent Power will have a total locked-in generation and pump storage capacity of about 9.6 GWp and 3 GW, respectively, comprising installed generation capacity of 4.9 GWp and an under-development capacity of about 3.1 GWp of renewable projects, 1.6 GW of thermal capacity and 3 GW of pumped storage capacity, the company added.
Published on August 30, 2025