Promoters
- Gujarat Urja Vikas Nigam Ltd. (Erstwhile Gujarat Electricity Board)
www.guvnl.com - Gujarat State Fertilizers & Chemicals Ltd.
www.gsfclimited.com - Gujarat Alkalies & Chemicals Ltd.
www.gujaratalkalies.com - Petrofils Co-operative Ltd.
GIPCL was incorporated in 1985 as Public Limited company under the auspices of Government of Gujarat. The company is engaged in business of Electrical Power Generation. The total present capacity of Vadodara and Mangrol plants is 560 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, 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 expanded its capacity and commissioned 165 MW Naphtha & Gas based Combined Cycle Power Plant at Vadodara in November, 1997 as Independent Power Producer(IPP) with Power Purchase Agreement (PPA) with GUVNL.
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 GUVNL. It also has its own Captive Lignite Mines at Vastan for Surat Lignite Power Plant.
2 x 125 MW SLPP Phase II Expansion Project with Expansion of Lignite Mines is in advanced stage of implementation. For this also Captive Lignite Mine is developed at Mangrol (adjacent to Vastan) and the mining lease for the same is available. The project is expected to be commissioned in the current financial year.
Government of Gujarat has consented to allot 500 MW Expansion Phase-3 also to Gujarat Industries Power Company Limited and the Site Selection, Environmental Clearance, and Engineering Activities by consultants for the same are in progress.