New Delhi: NHPC Limited, India's premier hydropower utility has signed Power Purchase Agreement (PPA) on August 31 with Eden Renewable Passy Private Limited for 300 MW and with Altra Xergi Power Private Limited (SPV of O2 Power SG PTE LTD.) for 380 MW for procurement of Solar Power at the tariff of Rs. 2.55/kWh at NHPC corporate office for 25 years on a long term basis. The power purchased by NHPC shall be supplied to Madhya Pradesh for which Power Sale Agreement (PSA) have already been signed.
NHPC Limited's Chairman & Managing Director (CMD) AK Singh, Director (Finance) MK Mittal, Director (Technical) YK Chaubey, Executive Director (Commercial) NS Parameshwaran, ED, Executive Director (Renewable Energy) RK Jaiswal and Shri Himangshu Saha, Engineer In-charge of 2,000 MW scheme graced the occasion with their august presence. The PPAs were signed by NHPC's General Manager (Power Trading) SP Rathour on behalf of NHPC and Vivek Kodesia for Eden Renewable Passy Private Limited and Parag Sharma CEO for Altra Xergi Power Private Limited (SPV O2 Power SG PTE LTD.) .
(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Telegram. Join PSU Watch Channel in your Telegram and stay updated)