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Torrent Power reports reduced T&D losses in major licensed areas

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Torrent Power has reported a reduction in transmission and distribution (T&D) losses across most of its licensed and franchised distribution areas for the first half (April to September) of FY25.  In the Ahmedabad/Gandhinagar licensed area, T&D losses dropped from 6.30% in H1 FY24 to 4.50% in H1 FY25. Similarly, losses in the Dadra Nagar Haveli and Daman & Diu licensed area declined from 1.67% to 1.62%. Together, these two areas accounted for about 62% of…

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Torrent Power signs SSSA with LMCL and TU17

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Torrent Power Limited has entered into a share subscription and shareholders agreement (SSSA) with Lakshmi Mills Company Limited (LMCL) and its subsidiary, Torrent Urja 17 Private Limited (TU17). This agreement involves the supply of 8.5 MWp of solar power to LMCL’s production units via open access from TU17’s renewable energy project. Under the agreement, LMCL must retain a minimum of 26 per cent ownership in TU17 throughout the power supply period. Additionally, Torrent Power has…

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Torrent Power secures 2,000 MW energy storage order from MSEDCL

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Torrent Power has received a Letter of Award (LoA) from Maharashtra State Electricity Distribution (MSEDCL) for 2,000 MW of energy storage capacity from its InSTS-connected pumped hydro storage plant in Maharashtra. This includes an additional 500 MW capacity, following the 1,500 MW awarded on 17 September 2024. The energy storage facility will allow scheduled discharge of up to eight hours, with a maximum of five continuous hours per day. MSEDCL will provide the input energy…

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Torrent Power signs MoU with Gujarat government for 5 GW renewable energy project in Dwarka

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Torrent Power Limited has signed a memorandum of understanding (MoU) with the Government of Gujarat to develop a 5 GW solar, wind, or solar-wind hybrid project in Dwarka, Gujarat. This agreement marks a significant step in advancing renewable energy initiatives in the region.