Torrent Power to Invest ₹22,000 Crore in Madhya Pradesh Coal Plant.

Torrent Power Ltd announced recently that it will invest ₹22,000 crore to develop a massive 1,600 MW coal-based power plant in Madhya Pradesh. The company has secured a Letter of Award (LoA) from the MP Power Management Company Ltd (MPPMCL) to supply the entire power generated from the new facility.

Key Details of the Project

The project will be a greenfield 2x800 MW ultra-supercritical plant, built under a Design, Build, Finance, Own, and Operate (DBFOO) model. Located in Annupur, Madhya Pradesh, the plant will provide power to MPPMCL at a tariff of ₹5.829 per kWh, which was determined through a competitive bidding process.

Torrent Power’s release confirmed that the requisite coal for the plant will be arranged by MPPMCL under the SHAKTI Policy of the Ministry of Coal. The company expects the project to be commissioned within 72 months from the date the Power Purchase Agreement (PPA) is executed.