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NHPC, Engie India Sign PPAs for Solar Power Projects in Gujarat

NHPC Limited and Engie India have entered into Power Purchase Agreements (PPAs) with Gujarat Urja Vikas Nigam Limited (GUVNL) to develop separate 200 MW solar power projects in Khavda, Gujarat. These projects will be located within Gujarat State Electricity Corporation Ltd.’s (GSECL) Renewable Energy (RE) Park.

NHPC’s PPA involves the development of a 200 MW solar power project in Khavda, estimated at Rs. 846.66 crore. The project is expected to be completed within 15 months from the PPA signing date.

Engie India on the other hand, will develop its own 200 MW solar project at GSECL’s RE park in Khavda. The company will supply electricity from this project at a tariff rate of Rs. 2.62 per unit. Notably, this marks Engie’s fourth solar project in Gujarat.