Torrent Power Ltd to Procure LNG from JERA Co., Inc. for 10 Years Starting 2027

Torrent Power Ltd has signed a long-term Sale and Purchase Agreement (SPA) with JERA Co., Inc., Japan’s largest power generation company and a global leader across the LNG value chain. The agreement is for the supply of up to 0.27 MMTPA of LNG for a period of 10 years starting from 2027. The LNG will be used to operate Torrent Power’s 2,730 MW Combined Cycle Gas-Based Power Plants in India and to meet the country’s rising power demand, peak demand periods’ support, and balancing the Renewables. It will also support Torrent Gas Ltd.’s growing requirement of LNG to ensure reliable supply of gas for households, commercial and industrial consumers and CNG vehicles. This agreement represents a significant strategic move, securing competitively priced LNG for long-term power generation and gas distribution, and contributes to the Government of India's goal of increasing natural gas’s share in the energy mix to ~15% by 2030 as well as strengthening India’s energy security.