New Delhi: NHPC Limited and Chenab Valley Power Projects Limited (CVPPL) have signed a Power Purchase Agreement (PPA) with Damodar Valley Corporation (DVC) for the sale of power from multiple hydroelectric projects. The agreement was formalized in Kolkata on Friday, ensuring a long-term power supply arrangement for a period of 40 years from the Commercial Operation Date (COD).
Under the terms of the PPA, DVC will procure power from NHPC’s 2,880 MW Dibang, 800 MW Parbati II, and 500 MW Teesta-VI Hydroelectric Projects, along with the 624 MW Kiru Hydroelectric Project of CVPPL. The agreement was signed by senior officials, including NHPC’s General Manager (Commercial), CVPPL’s General Manager (Planning), and DVC’s Chief General Manager (Commercial). The signing took place in the presence of the Chairman and Members of the DVC Board.
This strategic agreement marks a significant step in strengthening the renewable energy portfolio of DVC while ensuring a stable power supply from hydro sources. It also reinforces NHPC’s commitment to expanding hydropower generation and contributing to India’s clean energy goals.
The long-term nature of the PPA will provide financial stability to the involved parties and ensure efficient utilization of hydroelectric resources. The collaboration is expected to enhance the reliability of power supply in the region, supporting industrial and economic growth.
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