Torrent power emerges as L one bidder for 1,100 MW gas contract
One of the leading brands in the Indian power sector Torrent Power has emerged as the L one bidder (Lowest bidder) for the supply of 1,100 megawatts of gas-based power supply sought by the Indian government to meet anticipated record demand in the summer.
The firm quoted Rs 13.70 per unit price for a supply of 770 megawatts each for 45 days in April and May from two of its gas-based projects in the western state of Gujarat. NTPC's arm NVVN Ltd conducted the bidding acting on the power ministry's directions and had invited bids for a 5,000-megawatt power supply from gas-based power plants.
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