The agreement is aimed at enhancing energy reliability during peak demand periods and balancing renewables, while also meeting rising domestic and industrial gas needs.
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Torrent Power Ltd (TPL) has signed a long-term Sales and Purchase Agreement (SPA) with BP Singapore Pte. Limited, a subsidiary of global integrated energy company BP, for the supply of up to 0.41 MTPA of LNG from 2027 to 2036, according to a company release here Monday.
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 LNG requirement to ensure reliable gas supply for households, commercial and industrial consumers and CNG vehicles, it added.
Taking advantage of the softness in LNG prices, TPL and TGL intend to explore medium—and long-term LNG procurement in response to the growing demand from their GBPPs and CGD networks, respectively. They aim to enhance their portfolio diversity and reliably meet customers’ energy supply needs.
Published on June 2, 2025