Torrent Power Signs 10-Year LNG Agreement with JERA Co., Inc.

Torrent Power Ltd has signed a long-term Sales and Purchase Agreement with JERA Co., Inc., Japan’s largest power generation company. The agreement involves the supply of up to 0.27 MMTPA of liquefied natural gas (LNG) over a period of 10 years, starting from 2027.

The LNG procured under this agreement will be used by Torrent Power to operate its 2,730 MW Combined Cycle Gas-Based Power Plants in India. This will help meet the country’s rising power demand and support peak demand periods. Additionally, the LNG will support the Torrent Group’s City Gas Distribution arm, Torrent Gas Ltd., ensuring a reliable supply of gas for households, commercial and industrial consumers, and CNG vehicles.

This agreement is part of Torrent Power’s strategy to secure competitively priced LNG for long-term power generation and gas distribution. It also contributes to the Government of India’s goal of increasing natural gas’s share in the energy mix to approximately 15% by 2030.

JERA Co., Inc. is a global leader across the LNG value chain, providing comprehensive solutions in power generation and energy supply. The company focuses on enhancing energy security and sustainability through strategic partnerships and innovations in energy technology.

Torrent Power is an integrated power utility with a generation capacity of 4.96 GW, including gas-based, renewable, and coal-based capacities. The company distributes nearly 31 billion units to over 4.21 million customers across various regions in India. Torrent Power is recognized for its low AT&C losses and high reliability indices, reinforcing its position as a leading power distributor in India.