NLC India Renewables Limited signs Power Purchase Agreement with SJVNL

NLC India Renewables Limited (NIRL), a subsidiary of NLC India Ltd. (NLCIL) has signed a semipermanent Power Purchase Agreement (PPA) with SJVN Limited (SJVNL), a Navaratna Public Sector Undertaking nether the Ministry of Power for constitution of a 200 MW upwind powerfulness project.

According to NLCIL, the PPA was signed successful the beingness of NLCIL Chairman and Managing Director Prasanna Kumar Motupalli and SJVNL Chairman and Managing Director Bhupender Gupta successful Chennai connected Tuesday.

The PPA is portion of SJVNL’s 600 MW Inter-State Transmission System (ISTS) connected upwind powerfulness task (Wind-2 tranche), awarded done a tariff-based competitory bidding. The task is expected to make astir 500 cardinal units of greenish vigor per year.

The PPA besides reflects the beardown collaboration betwixt the 2 Central Public Sector Enterprises, aimed astatine accelerating India’s renewable vigor deployment portion ensuring semipermanent vigor security.