Keywords : engaged in the business of generation of Electrical Power
Description : GIPCL has its Registered Office at P.O. Petrochemicals, Vadodara, Gujarat.
The Company was promoted by Gujarat Electricity Board (GEB), Gujarat State Fertilizers & Chemicals Limited (GSFC), Gujarat Alkalies & Chemicals Limited (GACL) and Petrofils Co-operatives Limited.
GIPCL is currently engaged in the business of generation of Electrical Power.
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 expanded its capacity and commissioned 160 MW Naphtha & Gas based Combined Cycle Power Plant at Vadodara
in November, 1997 as Independent Power Producer(IPP) with Power Purchase Agreement (PPA) with GEB.
It commissioned 250 MW Lignite based Power Plant at Nani Naroli, District Surat in November, 1999 as Independent Power Producer(IPP) with Power Purchase Agreement (PPA) with GEB.
It has its own Captive Lignite Mines for Surat Lignite Power Plant.
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