Torrent Power To Buy LNG From BP Under 10-Year Deal

Torrent Power To Buy LNG From BP Under 10-Year Deal

Torrent Power Ltd. on Monday announced a major deal to buy liquified natural gas from British energy giant BP Plc. to power gas-based plants in India and augment supplies for city gas distribution.The Gujarat-based power producer signed a long-term sales and purchase agreement with BP Singapore Pte. for the supply of up to 0.41 million tonnes per annum of LNG from 2027 to 2036, a press release said. The monetary value of the deal has not been di…

Torrent Power to buy LNG from BP Singapore

New Delhi, Jun 2 (PTI) Ahmedabad-based Torrent Power Ltd has signed an agreement to buy up to 0.41 million tonnes per annum of LNG from BP Singapore for 10 years starting 2027, the company said on Monday. Torrent will use the liquefied natural gas (LNG) to generate electricity at its 2,730 megawatt gas-based power plants as well as city gas demand, it said in a statement. "Torrent Power Ltd (TPL) has signed a long-term sales and purchase agreeme…