Gujarat Industries Power Company Ltd. (India)

Gujarat Industries Power Company Limited (GIPCL) is a public limited company located in Vadodara, Gujarat, India. It was incorporated in 1985 under the Government of Gujarat. GIPCL is engaged in the business of electrical power generation and has a current installed generation capacity of 1184.4 MW. The company's portfolio includes thermal (gas and lignite), wind, and solar power plant assets in Gujarat. GIPCL aims to become a prominent national-level power sector enterprise. In terms of its history and growth, GIPCL commissioned its first power project, a 145 MW gas-based combined cycle power plant, in Vadodara in 1992. It operates as a group captive power plant, distributing power to its promoters based on their equity holding. In 1997, the company commissioned a 165 MW dual fuel-based combined cycle power plant in Baroda, which operated as an independent power producer (IPP) with a long-term power purchase agreement (PPA) with GUVNL. GIPCL also commissioned a greenfield project, the 2x125 MW Surat Lignite Power Plant, in 1999 and further enhanced its capacity with another 2x125 MW plant in 2010. These plants have long-term PPAs with GUVNL and source lignite from captive mines. In recent years, GIPCL has focused on renewable energy and has commissioned 112.4 MW wind generation capacity and utility-scale ground-mounted solar PV projects in Gujarat. The company has long-term PPAs with GUVNL, SECI, and has also implemented a distributed agri-solar pilot project. GIPCL has successfully commissioned multiple solar projects, including a 100 MW solar project in Raghanesda Solar Park. The company has also been allotted land for the development of a 2375 MW Renewable Energy Park in the Kutch district of Gujarat. GIPCL is actively pursuing opportunities in the renewable energy sector and plans to further enhance its presence in solar, wind, and hybrid generation. The company also offers consultancy services to the industry. The registered office of GIPCL is located in Vadodara, Gujarat, and its contact information is provided on its official website.