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Essar signs PPA with NHPC for 300 MW renewable energy project

The project entails an investment of approximately INR 4,500 crore by Essar Power and will integrate solar, wind and battery energy storage systems to ensure reliable and dispatchable renewable power.
Uma Gupta
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Uma Gupta
Essar Power

Essar Renewables Ltd (ERL), the renewable energy arm of Essar Power, 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 approximately INR 4,500 crore in the project, which will integrate solar, wind and Battery Energy Storage Systems (BESS) to deliver reliable and dispatchable renewable power.

The project is part of Essar Power’s strategy to build a diversified energy portfolio of approximately 5 GW, spanning renewable, thermal and gas-based power generation.

Essar Renewables is focused on developing and scaling renewable energy solutions in India and international markets. The company is pursuing opportunities across utility-scale renewable energy, captive renewable power and emerging clean energy solutions. It has already secured three major renewable energy projects from central public sector undertakings NHPC and SJVN, with an aggregate awarded capacity of 1 GW.

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