Essar Renewables signs Power Purchase Agreement with NHPC for 300 MW project

MUMBAI Essar Renewables Ltd. (ERL), the renewable energy arm of the Essar Power, said it has signed a Power Purchase Agreement (PPA) with NHPC Ltd.

for a 300 MW Firm and Dispatchable Renewable Energy (FDRE) project in Andhra Pradesh. Essar Power will invest about ₹4,500 crore in the project, which will integrate solar, wind and Battery Energy Storage Systems (BESS) to deliver and dispatchable renewable power.

Essar Power plans to build a diversified energy portfolio of approximately 5 GW, spanning renewable, thermal and gas-based power generation. Srinivasan Vaidyanathan, Operating Partner-Infrastructure, Essar Group said, “Essar’s experience in the energy sector, combined with our focus on new technologies and emerging opportunities, gives us a strong foundation to participate in this next phase of India’s energy growth.” Ankur Kumar, CEO, Essar Power said, “We are focused on building a strong portfolio across solar, wind and Battery Energy Storage Systems, tapping into the growing opportunities in India’s renewable energy sector.