Gujarat Industries Power Co signs multiple agreement under PSDF Support Scheme (PhaseII)

For Gas based Power Plants receiving domestic gas

Gujarat Industries Power Co announced that the Company has signed following Agreements on 30 September 2015, under the Power System Development Fund (PSDF) Support Scheme (Phase II) of the MoP, Govt, of India, for Gas based Power Plants receiving domestic gas (DGP).

(i) PSDF Support Agreement with MoP, Gol, to generate and supply incremental 17.59 Million Units (MUs) of Electricity to the State Grid during the period from 01 October 2015 to 31 March 2016 from GIPCL's 160/165 MW Gas based Combined Cycle Power Plant (CCPP), Station II, at Vadodara;

(ii) Agreement with GAIL for supply of 39.61 Million SCM e-bid R-LNG for GIPCL's 160/165 MW CCPP, Station II, at Vadodara;

(iii) Power Purchase Agreement (PPA) with GUVNL for generation and supply of incremental 17.59 Million Units of Electricity by GIPCL to the State Grid.

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