Friday, August 15, 2008

Torrent Power

Transforming Life

Introduction

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

Company Insight

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.

Business Outlook

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.

With ventures in power generation, transmission and distribution. Torrent is known for its reliability and efficiency and continues to deliver enhanced value though its technology upgradation and customer care initiatives.

-- Power Generation

Torrent Power has a generating capacity of 500 MW at Ahmedabad, comprising:

- 400 MW coal based thermal power station at Sabarmati
- 100 MW dual fuel based combined cycle power plant at Vatva

-- Transmission and Distribution

Torrent Power transmits and distributes more than 10 billion units of power to around 1.9 million customers in the cities of Ahmedabad, Gandhinagar and Surat, spanning an area of 408 Sq. Km. These cities are major industrial and commercial hubs of Gujarat State.

1 comment:

Prashant Vakharia said...

Do you have any idea why the company is in need of pledging the shares about 20%?