Torrent Power Ltd has informed BSE that the company on July 2 has signed Turnkey EPC Contracts with Siemens AG, Germany and Siemens Ltd, India for UNOSUGEN (the 382.5 MW Gas based Combined Cycle Power Project - the capacity expansion at the existing SUGEN Mega Power Project) and for the greenfield DGEN Project at Dahej SEZ (the 1200 MW Gas based Combined Cycle Power Project).
While UNOSUGEN is being established under the aegis of Torrent Power Ltd, DGEN is being established under the aegis of Torrent Energy Ltd, the wholly-owned subsidiary of the company. Thus, approximately 1600 MW power generation capacity would be added in the Torrent fold within the next three years.
Shares of Torrent Power gained more than 2 per cent on Friday to trade at Rs 348.05 during the afternoon session on the Bombay Stock Exchange (BSE).
