Torrent Power signs agreement to source LNG from JERA, Japan
India, Dec. 8 -- Torrent Power (TPL) has signed a long-term Sale and Purchase Agreement (SPA) with JERA Co., Inc. (JERA), Japan's largest power generation company and a global leader across the LNG value chain for supply of up to 0.27 MMTPA of LNG for a period of 10 years starting from 2027.The LNG procured under this agreement will be strategically utilized by TPL, including to operate its 2,730 MW Combined Cycle Gas-Based Power Plants (GBPPs) in India to meet the country's rising power demand, peak demand periods' support, and balancing the Renewables. It will also support the Torrent Group's City Gas Distribution (CGD) arm - Torrent Gas Ltd.'s (TGL), growing requirement of LNG to ensure reliable supply of gas for households, commercial a...
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