Ratnagiri Gas and Power - Revision history

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	==See also==		==See also==
	~~{{Portal\|Energy}}~~
	*[[Dabhol Power Company]]		*[[Dabhol Power Company]]

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2022-05-28T03:37:01Z

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← Older revision		Revision as of 09:07, 28 May 2022
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	==History==		==History==
	The Ratnagiri gas and power company was made by the [[Government of Maharashtra]] and [[Government of India]] in 2005 to rescue the controversial and nearly defunct [[Dabhol Power Company\|Dabhol power company]], a gas powered electricity provider owned by Enron corporation. In 1992, Enron corporation ~~inked~~ a deal to build a gas powered power station at Dabhol, from which the government of Maharashtra would purchase electricity for 20 years. The project remained controversial from the beginning, mostly due to the high cost of electricity (more than 2,000 times what the government was paying per unit for hydro electricity) and corruption at the highest levels.<ref name="factsheet">{{cite web\|author= US Government Minority Staff Committee on Government Reform\|title=FACT SHEET - Background on Enron's Dabhol Power Project (22 February 2002)\|url=http://www.finance-mba.com/Dabhol_fact_sheet.pdf\|publisher=U.S. House of Representatives\|access-date=25 October 2016}}</ref> Despite protests, the project was built and began producing electricity in 1998. The Godbole committee report in 2001 presented a scathing criticism of the project and its terms.<ref name="Prayas">{{cite journal \|last1=Pune \|first1=Prayas \|title=Godbole Committee on Enron Project: Expose and Way Out \|journal=Economic and Political Weekly \|date=9 June 2001 \|url=http://www.prayaspune.org/peg/component/k2/item/download/219_dd80d41a19b7880962d3e6a061b6db35.html \|access-date=26 November 2018}}</ref> The plant stopped production in 2001 when the government could not pay for its electricity costs. In 2002, Enron became bankrupt.<ref name="Godbole1">{{cite book \|title=Madhav Godbole committee report on irregulatiries in the Enron Dabhol power project \|date=10 April 2001 \|publisher=Government of Maharashtra \|location=Mumbai \|url=https://www.it.iitb.ac.in/~damani/enron/Home_files/doc/godbole/godbole-report.html \|access-date=26 November 2018}}</ref> In 2005, the plant was taken over by the Government of Maharashtra.<ref>{{cite book\|last=Mehta\|first=Abhay\|title=Power Play: A Study of the Enron Project\|publisher=Orient Blackswan\|location=Mumbai\|isbn=9788125017455\|year=2000}}</ref>		The Ratnagiri gas and power company was made by the [[Government of Maharashtra]] and [[Government of India]] in 2005 to rescue the controversial and nearly defunct [[Dabhol Power Company\|Dabhol power company]], a gas powered electricity provider owned by Enron corporation. In 1992, Enron corporation signed a deal to build a gas powered power station at Dabhol, from which the government of Maharashtra would purchase electricity for 20 years. The project remained controversial from the beginning, mostly due to the high cost of electricity (more than 2,000 times what the government was paying per unit for hydro electricity) and corruption at the highest levels.<ref name="factsheet">{{cite web\|author= US Government Minority Staff Committee on Government Reform\|title=FACT SHEET - Background on Enron's Dabhol Power Project (22 February 2002)\|url=http://www.finance-mba.com/Dabhol_fact_sheet.pdf\|publisher=U.S. House of Representatives\|access-date=25 October 2016}}</ref> Despite protests, the project was built and began producing electricity in 1998. The Godbole committee report in 2001 presented a scathing criticism of the project and its terms.<ref name="Prayas">{{cite journal \|last1=Pune \|first1=Prayas \|title=Godbole Committee on Enron Project: Expose and Way Out \|journal=Economic and Political Weekly \|date=9 June 2001 \|url=http://www.prayaspune.org/peg/component/k2/item/download/219_dd80d41a19b7880962d3e6a061b6db35.html \|access-date=26 November 2018}}</ref> The plant stopped production in 2001 when the government could not pay for its electricity costs. In 2002, Enron became bankrupt.<ref name="Godbole1">{{cite book \|title=Madhav Godbole committee report on irregulatiries in the Enron Dabhol power project \|date=10 April 2001 \|publisher=Government of Maharashtra \|location=Mumbai \|url=https://www.it.iitb.ac.in/~damani/enron/Home_files/doc/godbole/godbole-report.html \|access-date=26 November 2018}}</ref> In 2005, the plant was taken over by the Government of Maharashtra.<ref>{{cite book\|last=Mehta\|first=Abhay\|title=Power Play: A Study of the Enron Project\|publisher=Orient Blackswan\|location=Mumbai\|isbn=9788125017455\|year=2000}}</ref>

	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\|Maharashtra State Electricity Board (MSEB)]] and financial institutions hold the remaining stock.		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\|Maharashtra State Electricity Board (MSEB)]] and financial institutions hold the remaining stock.

2409:4052:4D1F:E558:9EF:B6EC:4366:4EA8 at 15:53, 26 December 2021

2021-12-26T15:53:49Z

← Older revision		Revision as of 21:23, 26 December 2021
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	\| logo =		\| logo =
	\| caption =		\| caption =
	\| type = [[~~Joint venture~~]]		\| type = [[A subsidiary of NTPC limited]]
	\| traded_as =		\| traded_as =
	\| genre = <!-- Only used with media and publishing companies -->		\| genre = <!-- Only used with media and publishing companies -->
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	\| owner =		\| owner =
	\| num_employees =		\| num_employees =
	\| parent = [[NTPC Limited~~\|NTPC]]<br />[[GAIL]]~~		\| parent = NTPC Limited
	\| divisions =		\| divisions =
	\| subsid =		\| subsid =
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	\| extra =		\| extra =
	}}		}}
	'''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 one of India's largest and only [[LNG]] based power plants and the LNG regasification terminal at Dabhol.<ref name="outlook">{{cite news\|last1=Bhushan\|first1=Ranjit\|title=Godbole committee report and The Real Story Of Dabhol\|url=http://www.outlookindia.com/magazine/story/the-real-story-of-dabhol/211469\|access-date=25 October 2016\|issue=May 2001\|publisher=Outlook India\|date=30 April 2001}}</ref>		'''Ratnagiri Gas and Power Private Limited''' (RGPPL) is a [[Subsidiary]] of NTPC Limited. The company was established to take over and revive the assets of the defunct [[Dabhol Power Company]]. RGPPL owns one of India's largest and only [[LNG]] based power plants and the LNG regasification terminal at Dabhol.<ref name="outlook">{{cite news\|last1=Bhushan\|first1=Ranjit\|title=Godbole committee report and The Real Story Of Dabhol\|url=http://www.outlookindia.com/magazine/story/the-real-story-of-dabhol/211469\|access-date=25 October 2016\|issue=May 2001\|publisher=Outlook India\|date=30 April 2001}}</ref>

	==History==		==History==
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	{{India-company-stub}}		{{India-company-stub}}
	~~{{en-Wikipedia}}~~

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{{Use dmy dates|date=August 2017}}
{{Use Indian English|date=August 2017}}
{{Infobox company
| name = Ratnagiri Gas and Power Private Limited
| logo =
| caption =
| type = [[Joint venture]]
| traded_as =
| genre = 
| fate =
| predecessor = Enron
| successor =
| foundation = {{Start date|df=yes|2005|07|08}}
| founder =
| defunct = 
| hq_location = [[Anjanvel (Gopalgad)|Anjanvel]]
| hq_location_city = [[Ratnagiri]], [[Maharashtra]]
| hq_location_country = [[India]]
| locations =
| area_served =
| key_people =
| industry = [[Energy industry|Energy]]
| products =
| services = Power generation and LNG regasification
| revenue =
| operating_income =
| net_income =
| aum = 
| assets =
| equity =
| owner =
| num_employees =
| parent = [[NTPC Limited|NTPC]]<br />[[GAIL]]
| divisions =
| subsid =
| homepage = {{URL|www.rgppl.com}}
| footnotes =
| intl =
}}
{{Infobox power station
| name = Ratnagiri Gas and Power Private Limited
| name_official =
| image =
| image_size =
| image_caption =
| image_alt =
| location_map_size =
| location_map_caption= Location of the Ratnagiri Gas and Power Private Limited in Maharashtra
| coordinates = {{coord|17|33|42|N|73|09|44|E|region:IN_type:landmark_source:dewiki|display=inline,title}}
| coordinates_ref =
| country = India
| location = [[Ratnagiri]], [[Maharashtra]].
| status = O
| construction_began =
| commissioned =
| decommissioned =
| cost =
| owner = [[NTPC Limited|NTPC]] [[GAIL]]
| operator =
| th_fuel_primary = [[Natural gas]]
| th_fuel_tertiary =
| ps_units_operational= 3
| ps_units_manu_model =
| th_cogeneration =
| th_combined_cycle =
| ps_electrical_capacity= 1,967 MW
| ps_electrical_cap_fac=
| website =
| extra =
}}
'''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 one of India's largest and only [[LNG]] based power plants and the LNG regasification terminal at Dabhol.<ref name="outlook">{{cite news|last1=Bhushan|first1=Ranjit|title=Godbole committee report and The Real Story Of Dabhol|url=http://www.outlookindia.com/magazine/story/the-real-story-of-dabhol/211469|access-date=25 October 2016|issue=May 2001|publisher=Outlook India|date=30 April 2001}}</ref>

==History==
The Ratnagiri gas and power company was made by the [[Government of Maharashtra]] and [[Government of India]] in 2005 to rescue the controversial and nearly defunct [[Dabhol Power Company|Dabhol power company]], a gas powered electricity provider owned by Enron corporation. In 1992, Enron corporation inked a deal to build a gas powered power station at Dabhol, from which the government of Maharashtra would purchase electricity for 20 years. The project remained controversial from the beginning, mostly due to the high cost of electricity (more than 2,000 times what the government was paying per unit for hydro electricity) and corruption at the highest levels.<ref name="factsheet">{{cite web|author= US Government Minority Staff Committee on Government Reform|title=FACT SHEET - Background on Enron's Dabhol Power Project (22 February 2002)|url=http://www.finance-mba.com/Dabhol_fact_sheet.pdf|publisher=U.S. House of Representatives|access-date=25 October 2016}}</ref> Despite protests, the project was built and began producing electricity in 1998. The Godbole committee report in 2001 presented a scathing criticism of the project and its terms.<ref name="Prayas">{{cite journal |last1=Pune |first1=Prayas |title=Godbole Committee on Enron Project: Expose and Way Out |journal=Economic and Political Weekly |date=9 June 2001 |url=http://www.prayaspune.org/peg/component/k2/item/download/219_dd80d41a19b7880962d3e6a061b6db35.html |access-date=26 November 2018}}</ref> The plant stopped production in 2001 when the government could not pay for its electricity costs. In 2002, Enron became bankrupt.<ref name="Godbole1">{{cite book |title=Madhav Godbole committee report on irregulatiries in the Enron Dabhol power project |date=10 April 2001 |publisher=Government of Maharashtra |location=Mumbai |url=https://www.it.iitb.ac.in/~damani/enron/Home_files/doc/godbole/godbole-report.html |access-date=26 November 2018}}</ref> In 2005, the plant was taken over by the Government of Maharashtra.<ref>{{cite book|last=Mehta|first=Abhay|title=Power Play: A Study of the Enron Project|publisher=Orient Blackswan|location=Mumbai|isbn=9788125017455|year=2000}}</ref>

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|Maharashtra State Electricity Board (MSEB)]] and financial institutions hold the remaining stock.

RGPPL has operationalised the 5 million [[tonne]]s per year LNG Block (Commissioning cargo ‘LNG Pioneer’). The vessel carrying 1,38,000 cubic meters of [[Liquefied natural gas|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 renamed 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.<ref name=rgppl-project>{{cite web|url=http://www.rgppl.com/index.php?option=com_content&view=article&id=64&Itemid=75|title=RGPPL|author=Administrator|access-date=20 April 2015}}</ref>

== Capacity ==
{| class="wikitable"
! Block !! Unit Number !! Installed Capacity ([[Watt#Megawatt|MW]]) !! [[Gas Turbine|GT]] / [[Steam Turbine|ST]]
|-
| 1st || 1 || 640 || ST
|-
| 2nd || 2 || 663.5 || ST
|-
| 3rd || 3 || 663.5 || ST
|-
|'''Total'''|| Three || '''1967 MW''' ||
|}

==See also==
{{Portal|Energy}}
*[[Dabhol Power Company]]

==References==
{{Reflist}}

==External links==
* [http://www.rgppl.com/ Official Site]

{{Energy companies and organizations in India}}
{{Power Plants of Maharashtra}}

[[Category:Oil and gas companies of India]]
[[Category:Companies based in Maharashtra]]
[[Category:Ratnagiri district]]
[[Category:Indian companies established in 2005]]
[[Category:Energy in Maharashtra]]
[[Category:Energy companies established in 2005]]
[[Category:2005 establishments in Maharashtra]]

{{India-company-stub}}