Bajaj Energy

Our Company, along with Lalitpur Power Generation Company Limited (LPGCL), is one of the largest private sector thermal generation companies in Uttar Pradesh. We have a track record of developing, financing and operating thermal power plants in India. We have a total gross installed capacity of 2,430MW, comprising 450 MW from five operational plants of 90 MW each, owned and managed by Bajaj Energy Limited (BEL) and 1,980 MW from the power plant owned and managed by LPGCL. The aggregate installed capacity of 2,430 MW for the BEL Power Plants and the LPGCL Power Plant is fully contracted for under the long-term Power Purchase Agreements (PPA) entered into with certain state government-owned procurers through UPPCL. As at the financial year ended March 31, 2018, the PPAs of the BEL Power Plants and the LPGCL Power Plant have a remaining average term of 18 years and 23 years, respectively. BEL and LPGCL has each entered into long-term fuel supply agreements with Central Coal Fields Limited, a subsidiary of Coal India Limited, for the supply of coal to the BEL Power Plants and the LPGCL Power Plant. Additionally, LPGCL has also entered into fuel supply agreements with other subsidiaries of Coal India Limited for the supply of coal.