Torrent Power Limited (TPL), one of India’s leading integrated power utilities, has taken a major strategic leap toward cleaner and more reliable energy. On June 2, 2025, the company announced a long-term Sales and Purchase Agreement (SPA) with BP Singapore Pte. Limited, a subsidiary of global energy major bp, for the supply of up to 0.41 million metric tonnes per annum (MMTPA) of liquefied natural gas (LNG). The agreement will span from 2027 to 2036.
This deal strengthens Torrent Power’s commitment to clean energy, operational excellence, and aligns with India’s energy security and sustainability goals.
Torrent Power: An Integrated Powerhouse
Torrent Power, part of the ₹45,000 crore Torrent Group, operates across the full power value chain—generation, transmission, and distribution. The company has built a reputation for financial strength, with a revenue of ₹29,165 crore, and is known for its reliable services and customer-centric approach.
Torrent Power: Generation Capacity and Clean Energy Focus
Torrent Power’s installed generation capacity stands at 4,838 MW, which includes:
- 2,730 MW of gas-based power,
- 1,746 MW from renewable sources, and
- 362 MW of coal-based capacity.
The company is also working aggressively on renewable expansion projects totaling 3,154 MW, along with a 3,000 MW pumped storage project to enhance grid stability and manage peak demand.
Torrent Power: Distribution Network Across India
Torrent Power delivers nearly 31 billion units of electricity annually, serving over 4.21 million customers across key regions such as:
- Gujarat: Ahmedabad, Gandhinagar, Surat, Dahej SEZ, and Dholera SIR
- Maharashtra: Bhiwandi, Shil, Mumbai, and Kahva
- Uttar Pradesh: Agra
- Union Territories: Dadra and Nagar Haveli, Daman and Diu
The company is recognized for lowest Aggregate Technical & Commercial (AT&C) losses and industry-best reliability indices in its licensed areas.
LNG Agreement with BP Singapore: Key Highlights
The long-term LNG supply deal will primarily cater to Torrent Power’s 2,730 MW gas-based plants, ensuring fuel security and cost-effective power generation. It will also support Torrent Gas Limited (TGL), which supplies City Gas Distribution (CGD) for residential, industrial, and transportation (CNG) use.
Strategic Benefits of the Deal
- Reinforces Clean Energy Vision: Supports India’s aim to raise the natural gas share in the energy mix to 15% by 2030.
- Secures Price Stability: Helps Torrent Power hedge fuel costs with favorable long-term LNG pricing.
- Strengthens Energy Portfolio: Enhances energy diversification and supply reliability by exploring further medium- and long-term LNG procurement.
Financial Strength and Future Readiness
Torrent Power’s strong financial performance and its balanced energy mix provide resilience against market fluctuations. The BP LNG deal further strengthens its position as a reliable and future-ready power utility, well-poised to meet India’s growing energy needs.
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