COMPANY INTRODUCTION GSEG (Gujarat State Energy Generation Ltd.) is a Special Purpose Vehicle (SPV) formed by GSPC (Gujarat State Petroleum Corporation) to generate power in Gujarat by harnessing the eco-friendly and economical natural gas. GSEG is part of the GSPC Group's overall strategy of establishing a presence in both the upstream and downstream segments of the energy value chain. The company is committed to using innovative, advanced and reliable technology for producing gas-based power. GSEG was set up in 1998 as a power generation company. GSEG owns and operates a gas based power plant in Hazira that was commissioned in 2002. The plant was set up to provide electricity for the Gujarat state grid, with all electricity currently 1
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COMPANY INTRODUCTION
GSEG (Gujarat State Energy Generation Ltd.) is a Special Purpose Vehicle (SPV)
formed by GSPC (Gujarat State Petroleum Corporation) to generate power in Gujarat
by harnessing the eco-friendly and economical natural gas.
GSEG is part of the GSPC Group's overall strategy of establishing a presence in both
the upstream and downstream segments of the energy value chain.
The company is committed to using innovative, advanced and reliable technology for
producing gas-based power.
GSEG was set up in 1998 as a power generation company. GSEG owns and operates
a gas based power plant in Hazira that was commissioned in 2002.
The plant was set up to provide electricity for the Gujarat state grid, with all
electricity currently produced at the plant sold to Gujarat Urja Vikas Nigam Limited
(GUVNL), a Government of Gujarat owned electricity company.
GSEG is in the process of extending the capacity of its Hazira plant. It has entered
into a gas purchase contract with us to provide the gas required for the expanded
plant, effective for 20 years from commissioning, with the gas to be bought at
mutually agreed prices.
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The additional power to be generated will be bought by GUVNL pursuant to a 20 year
procurement contract effective from commissioning.
INDUSTRY OVERVIEW
GEB is the main contributor to the power supply for the State.
Torrent Power AEC, being a licensee caters to power needs of Ahmedabad and
Gandhinagar
Torrent Power SEC distributes power to Surat and surrounding areas
IPPs like Torrent Power AEC, GIPCL, GTEC, GSEC, ESSAR and Central Sector
[ NTPC and NPC ] also are contributing
Demand supply projections
The power requirements of Gujarat are met primarily by GEB, a statutory body,
constituted under the Electricity ( supply ) Act, 1948.
Per capita consumption of power in the state, currently at 786 KWh [ higher than
national avg., of 345 kWh ]
Installed capacity
GEB 4474MW
IPPs
Torrent Power AEC 490
GIPCL Gas based, Baroda 305
Essar Power Ltd.,Hazira 300
GPEC, Bharuch 655
GSEC- Gandhinagar 210
GSEC-Wanakbori 210
GSEG, Hazira 156
GIPCL, Mangrol 250
Total 2576 MW
CENT SECTOR ( Gujarat Share ) 1532 MW
TOTAL 8582 MW
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ABOUT GSEG
Powering Gujarat
GSEG (Gujarat State Energy Generation Ltd.) is engaged in gas based generation of
electricity, using innovative and dependable technology, in Gujarat.
A Special Purpose Vehicle (SPV) of GSPC for generating power using advanced,
eco-friendly technology, GSEG fits in well with the GSPC Group's overall scheme of
energy business.
GSEG is committed to deliver true value in efficiency, economy and sustainable
development activities in Gujarat. It presently operates a 156.1 MW Combined Cycle
Power Plant near Hazira, Surat, which is being further expanded in the first phase by
~350 MW.
Highlight
GSEG achieved commercial operation of this Combined Cycle thermal power plant,
within a record time of 22 months, starting June 1st, 2000. The first phase expansion
by ~350 MW is already underway and is likely to be operational sometime in 2011.
MISSION
Recognizing the need for safe, affordable, secure source of energy in Gujarat, the
primary mission of GSEG is to meet demand with a fuel source that is clean, reliable,
efficient and safe. GSEG is also committed to become a strong strategic partner in the
emerging integrative vision of the GSPC Group, resulting in more energy, economy
and efficiency to individuals and enterprises, and a higher quality of life to everyone.
True to the spirit of the Group's Safety, Health & Environment Policy and practices,
GSEG is committed, responsible and environment conscious in its design, project
planning, building, operating and enhancing the power generation facility business, by
proactively meeting the applicable environmental laws, regulations and stipulations,
and encouraging the development and use of efficient, clean and cost-effective energy
technologies.
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GSEG'S STRENGTHS
• One of the most efficient producers in Gujarat offering reliability and flexibility
• Application of Modern and Efficient Technologies - like CCPP and state-of-the-art
controls for plant management
• Committed to environment friendly operations
• Excellent domain expertise guaranteeing efficient and economic operation
• Regular modernization to continuously increase energy yields and environmental
performance
GSEG continues to explore synergies with the other companies of GSPC Group - synergies
between gas and electricity with intelligent application of fuel management strategies and
information technology.
HISTORY
Diversifying into power
GSPC Group decided to move into power generation as a part of its corporate
diversification plan and embarked on a short gestation power project based on the use of
natural gas from its gas fields. The Hazira area of Gujarat was chosen as the site for its first
combined cycle power plant. To implement the project, GSPC promoted a separate company
named Gujarat State Energy Generation Ltd (GSEG).
GSEG, in turn, selected Alstom as contractor for the project through international
competitive bidding. Alstom supplied the plant on a turnkey basis. Its scope included two
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GT8C2 gas turbines with generators, a steam turbine with generator and heat recovery steam
generators as well as the overall power plant control system. The contract also included civil
works, balance-of-plant and buildings. GSEG employed Desein Consulting Engineers of
Delhi as advisors and to supervise the turnkey contractor's compliance with the plant
specification.
GSEG selected Evonik Energy Services (India) Private Ltd erstwhile Steag Encotec as
O&M contractor for the project. The power purchase agreement for the project was signed
with GUVNL (erstwhile GEB).
Project Development Highlights
Germination
Gujarat State Petroleum Corporation Ltd. (GSPC), engaged in Oil & Gas E
& P, decided to diversify into downstream activities for value addition in the
energy business and thus, GSEG was incorporated in December 1998.