Company Profile

Company Profile

Gujarat Industries Power Company Limited (GIPCL) was incorporated in 1985 as a Public Limited company under the auspices of Government of Gujarat (GoG). The company is engaged in business of Electrical Power Generation. The total present installed capacity of GIPCL is 1084.4 MW. The Company has a vision to transform itself into a national level power sector enterprise. The Company is having its registered office at P.O. Petrochemical, Dist; Vadodara, Gujarat.

It commissioned its first power project; a 145 MW gas based Combined Cycle Power Plant in February, 1992 at Vadodara. Power from this plant is distributed to its promoters in proportion to their original equity holding.

The Company has entered into a Medium Term Power Purchase Agreement (PPA) for a period of five (05) years for its 165 MW Naphtha & Gas based Combined Cycle Power Plant at Vadodara with GUVNL on 29-03-2019. 

It commissioned 2x125 MW Surat Lignite Power Plant (SLPP) based on CFBC technology at Nani Naroli, District Surat, Gujarat in November, 1999 as Independent Power Producer(IPP) with Power Purchase Agreement (PPA) with GUVNL. It also has its own Captive Lignite Mines at Vastan for Surat Lignite Power Plant.

The company further expanded Lignite based capacity with commissioning of 2 x 125 MW SLPP Phase II in April 2010. The company is in process of exploring further expansion at the existing location In line with GoI mission to increase share of Renewable Energy in future, GIPCL has Commissioned a total capcity of 199.4MW of Renewable Capacity comprising of 112.4 MW Wind and 87 MW of Solar Power Projects as on date in its portfolio. The Solar capacity includes 2 x 1 MW Distributed Solar Agri Power Project (DSPP) established with support of GoG to demonstrate unique concept of Solar Power Generation with Agriculture feeding electricity to low voltage (11 KV ) grid directly avoiding significant loss of electricity in form of T&D losses.

The Company has successfully commissioned 75 MW Solar Power Project at Gujarat Solar Park, Village Charanka, Dist.: Patan, Gujarat in a phased manner on 4th June, 2019

The company is presently executing 100 MW Solar PV project at the Raghanesda Solar Park, Dist. Banaskantha, Gujarat awarded under the Competitive Bidding route to the Company.

The company is aggressively pursuing various opportunities in Renewable Energy sector and planning to enhance in the segment of Solar, Wind along with leveraging in house expertise for services to other valuable clients through consultancy.

Promoters

Sr.No Website Name Website Link
1 Gujarat Urja Vikas Nigam Ltd. (Erstwhile Gujarat Electricity Board) www.guvnl.com www.guvnl.com
2 Gujarat State Fertilizers & Chemicals Ltd. www.gsfclimited.com www.guvnl.com
3 Gujarat Alkalies & Chemicals Ltd. www.gujaratalkalies.com www.guvnl.com
4 Petrofils Co-operative Ltd.  
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