🟢 At a Glance:
Torrent Power Ltd just signed a long-term Sales and Purchase Agreement (SPA) with BP Singapore Pte. Ltd., locking in up to 0.41 MMTPA of LNG supply between 2027 and 2036. The fuel? Gas. The plan? Powering their 2,730 MW gas plants and fueling Torrent Gas’s distribution empire. The impact? Big — from energy security to cleaner grids.
📦 Deal Highlights
| 🔍 Aspect | 📌 Details |
|---|---|
| 🧾 Signed with | BP Singapore (subsidiary of bp, the global energy giant) |
| 🔥 Volume | Up to 0.41 MMTPA LNG |
| 📆 Tenure | 2027 to 2036 (10 years) |
| ⚙️ Usage | Torrent’s 2,730 MW Combined Cycle Gas-Based Power Plants (GBPPs), Torrent Gas CGD |
| 🌍 Impact | Clean energy transition, reliability during peak power, renewable balancing |
⚡ Where Will the Gas Go?
Torrent Power is aiming to:
- 🔌 Operate its
- 2,730 MW gas-based plants — to meet peak demand and ensure grid stability
- 🚗 Fuel CNG vehicles and commercial supply via Torrent Gas Ltd.
- 🔋 Balance out fluctuations from solar/wind — the LNG acts like a reliable energy backup
This isn’t just about switching on power. This is grid choreography — and LNG is the steady drummer in the orchestra.
🌱 Strategic Rationale
Here’s why this matters:
- 🛢️ India wants 15% natural gas in energy mix by 2030 (currently under 7%)
- 🔻 Global LNG prices are soft right now = smart buying window
- 🧃 BP’s global
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