Ratnagiri Gas & Power Private Limited (RGPPL) is a joint venture

Joint venture

A joint venture is a business agreement in which parties agree to develop, for a finite time, a new entity and new assets by contributing equity. They exercise control over the enterprise and consequently share revenues, expenses and assets...

 promoted by NTPC Limited and GAIL

GAIL

GAIL Limited is a state-owned natural gas processing and distribution company headquartered in New Delhi, India. It has six segments: Transmission services of natural gas and liquefied petroleum gas , Natural gas trading, petrochemicals, LPG and Liquid hydrocarbons, GAILTEL and Others.- History...

. The company was established to takeover and revive the assets of the defunct Dabhol Power Company

Dabhol Power Company

The Dabhol Power Company was a company based in India, formed to manage and operate the Dabhol Power Plant. The Dabhol plant was built through the combined effort of Enron, GE, and Bechtel...

. RGPPL owns the Dabhol Power Station

Dabhol Power Station

Dabhol Power Station is located near Anjanwel village in Ratnagiri district, about south of Mumbai. The power station was a built by the Dabhol Power Company , which was a joint venture of Enron, General Electric, Bechtel and Maharashtra Power Development Corporation...

 and the LNG regasification terminal at Dabhol.

History

The company was established on 8 July 2005, with NTPC and GAIL each holding just over 30% of its equity. The Maharashtra State Electricity Board

Maharashtra State Electricity Board

Maharashtra State Electricity Board is a state-owned electricity regulation board operating within the state of Maharashtra in India. The MSEB was formed on June 20, 1960 under Section 5 of the Electricity Act, 1948...

 and financial institutions hold the remaining stock.

RGPPL successfully revived the erstwhile Dabhol Power Company

Dabhol Power Company

The Dabhol Power Company was a company based in India, formed to manage and operate the Dabhol Power Plant. The Dabhol plant was built through the combined effort of Enron, GE, and Bechtel...

. Its three power blocks supply a combined 1967 MW of electricity

Electricity

Electricity is a general term encompassing a variety of phenomena resulting from the presence and flow of electric charge. These include many easily recognizable phenomena, such as lightning, static electricity, and the flow of electrical current in an electrical wire...

to India's western grid. It also operates the 5 MMTPA LNG regasification terminal at Dabhol.