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Gujarat Industries Power Company (GIPCL), incorporated in 1985, is engaged in business of power generation. The company is jointly promoted by Gujarat State Fertilizers and Chemicals, Gujarat Alkalies & Chemicals (GACL), Gujarat Urja Vikas Nigam (formerly known as Gujarat Electricity Board), Petrofils Cooperatives and Heavy Water Project (HWP) of the Atomic Energy Department of Government of India. The company was set up in order cater the captive electrical energy needs of promoter companies.
The company is also engaged in conducting research and development operations such as identification and completion of geological survey work at chosen site and conducting seismic survey for mapping of lignite deposits at said area..
GIPCL generates electrical power with a total capacity of 560 MW from plants situated at Vadodara and Mangrol. The company has received ISO 9001:2000, ISO 14001:2004 and OHSAS 18001:1999 for its Quality Management.
Vadodara Station–I– The company set up this plant in February, 1992 in order to supply power to promoter companies. The plant encompasses 3X32 MW Gas Turbine and 1X49 MW Steam Turbine with total power generation capacity of 145MV. This project required an investment of Rs 215 crore.
Vadodara Station–II– This plant was set up in November, 1997 and acts as Independent Power Producer. The plant is equipped with 111 MW Gas Turbine and 1X54 MW Steam Turbine that has total power generating capacity of 165 MW. This project required an investment of Rs. 215 Crores. It has entered into Power Purchase Agreement (PPA) with Gujarat Urja Vikas Nigam.
Surat Lignite Power Plant– This lignite–based power plant was commissioned in November 1999. The plant encompasses 2X125 MW with Circulating Fluidized Bed Combustion (CFBC) Boilers and STGs. This project required an investment of Rs 1210 crore for plant and Rs 245 crore for mining. It has entered into a Power Purchase Agreement (PPA) with Gujarat Urja Vikas Nigam.
The company's SLPP Mining Division has received the National Safety Award (Mines) given by the Ministry of Labour and Employment, Government of India for two consecutive years i.e. 2004 and 2005.
Gujarat Industries Power Company is implementing 2 x 125 MW SLPP Phase II Expansion Project along with the expansion of lignite mines, which is in advanced stage of implementation. The new mine at Mangrol is designed to produce 2.4 million tonnes lignite per annum. The project is scheduled to be commissioned in mid 2009.