Ratnagiri Gas and Power

{{Short description|Indian Renewal Energy Plant}} {{Use dmy dates|date=August 2017}} {{Use Indian English|date=August 2017}} {{Infobox company | name = Ratnagiri Gas and Power Private Limited | logo = | caption = | type = [[subsidiary]] of [[NTPC Limited]] | traded_as = | genre =  | fate = | predecessor = Enron | successor = | founded = {{Start date|df=yes|2005|07|08}} | founder = | defunct =  | hq_location = [[Anjanvel (Gopalgad)|Anjanvel]] | hq_location_city = [[Ratnagiri]], [[Maharashtra]] | hq_location_country = [[India]] | num_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 | divisions = | subsidiaries = | website = {{URL|www.rgppl.com}} | footnotes = | intl = }} {{Infobox power station | name = Ratnagiri Gas and Power Private Limited | name_official = | image = (1) Dabhol Ratnagiri gas thermal power plant, from Anjanvel lighthouse, India 2012.jpg | image_size = | image_caption = [[Dabhol Power Station]] | 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 [[Subsidiary]] of NTPC Limited. The company was established as a JV between GAIL and NTPC to take over and revive the assets of the defunct [[Dabhol Power Company]].

==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|Enron Corporation]]. In 1992, Enron Corporation signed a deal to build a gas powered power station along with integrated LNG terminal 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 |archive-date=26 November 2018 |archive-url=https://web.archive.org/web/20181126134855/http://www.prayaspune.org/peg/component/k2/item/download/219_dd80d41a19b7880962d3e6a061b6db35.html |url-status=dead }}</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 revived on 8 July 2005, with [[GAIL]] and [[NTPC Limited|NTPC]] each holding just over 25.51% of its equity. The [[Maharashtra State Electricity Board|Maharashtra State Electricity Board (MSEB)]] and financial institutions held the remaining stock.

RGPPL has commissioned 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 Company|Dabhol Power Company's]] (DPC) power project. The DPC project was later taken over by the Central Government and renamed it as RGPPL which began operations in May 2006. 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 || GT |- | 2nd || 2 || 663.5 || GT |- | 3rd || 3 || 663.5 || GT |- |'''Total'''|| Three || '''1967 MW''' || |}

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

==References== {{Reflist}}

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

[[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]]