Type Joint venture Predecessor Enron Headquarters Anjanvel Parent organizations NTPC Limited, GAIL | Industry Energy Website www.rgppl.com Founded 8 July 2005 | |
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Services Power generation and LNG regasification | ||
Ratnagiri Gas and Power Private Limited (RGPPL) is a joint venture of NTPC Limited, GAIL, Government of Maharashtra. The company was established to take over and revive the assets of the defunct Dabhol Power Company. RGPPL owns India's largest gas-based power plant and the LNG regasification terminal at Dabhol.
History
The company was established on 8 July 2005, with GAIL and NTPC each holding just over 25.51% of its equity. The Maharashtra State Electricity Board (MSEB) and financial institutions hold the remaining stock.
RGPPL has operationalised the 5 MMTPA LNG Block (Commissioning cargo ‘LNG Pioneer’). The vessel carrying 1,38,000 cubic meters of Liquefied Natural Gas (LNG) docked at the jetty brought back the memories of the Enron’s aborted Dabhol Power Companys (DPC) power project. The DPC project was later taken over by the Central Government which rechristened it as RGPPL which began operations in May 2006. The RGPPL successfully began re-gasification process of the LNG thereby making the LNG jetty free to be used for regular berthing and unloading of LNG cargo. Its three power blocks supply a combined 1967 MW of electricity to India's western grid.