Overview

Gujarat State Energy Generation Ltd
(A Joint Venture of GAIL)

Gujarat State Energy Generation Ltd was incorporated on December 13, 1998, with Gujarat State Petroleum Corporation Ltd (GSPCL) as the main promoter, to set up a Natural Gas-based power project at Hazira. The project was planned with a generation capacity of 156 MW by utilising natural gas from Hazira gas fields jointly owned by GSPCL and NIKO Resources, Canada, at an estimated cost of Rs. 576 crore with a 70:30 Debt to Equity ratio within 21 months from June 1, 2000.

Fuel Supply Agreement with GSPCL / NIKO and Fuel Transportation Agreement with Gujarat State Petronet Ltd were entered into to securitize fuel supply. An arrangement is in place to sell power to the Gujarat Electricity Board through a Power Purchase Agreement signed on February 28, 2000, for 20 years

The Combined Cycle Power Plant comprises of two Gas Turbines (52 MW each), one Steam Turbine (52 MW) and 2 Heat Recovery Steam Generators. GAIL accepted an equity offer of 12 % in March 2001 following due diligence exercise.

Commercial production was declared with the commissioning of the Gas Turbines in open cycle mode in December 2001. Subsequent to successful completion of performance tests, Combined Cycle operation commenced from June 2002.

The plant is running smoothly with high Availability and Plant Load Factor.

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