NIGEL, GUVNL Sign PPA for 600 MW Solar Power Project in Gujarat

NLC India Green Energy (NIGEL), a wholly owned subsidiary of NLC India (NLCIL), has signed a power purchase agreement (PPA) with Gujarat Urja Vikas Nigam (GUVNL) for a 600 MW solar power project. The PPA was signed at Vadodara, Gujarat.

This project is located in the Khavda Solar Park in Bhuj district of Gujarat. The agreement specifies a PPA tariff of Rs 2.705 per kWh, with the project expected to generate an annual electricity output of 1,577.88 million units (MU), reaching up to a cumulative 39.447 billion units (BU) over its lifetime. This initiative is estimated to offset about 35.5 million tonne of CO2 emissions, which in turn will contribute to India's environmental sustainability goals.

The solar park has all readily available necessary infrastructure and also offers payment security for the power sold. The proposed 600 MW solar power project in Khavda will be the single largest solar project developed by NLCIL, as on date.