JSW Energysigns PPA with HPPCto supply 240 MW hydro power

JSW Energy Limited’s Kutehr projecthas signed power purchase agreement (PPA) with Haryana Power Purchase Centre (HPPC) for the supply of 240 MW hydro power.

The agreement is valid for 35 years (with further extension at mutually agreed terms) and signed at a levelised ceiling tariff of Rs 4.50 per kWh.JSW Energy through its wholly-owned step-down subsidiary JSW Energy Kutehr Limited is currently constructing the 240 MW (3×80 MW) hydroelectric plant located in Kutehr, Chamba district of Himachal Pradesh. The project is expected to be commissioned by September 2024. HPPC will purchase the power on behalf of Uttar Haryana Bijli Vitran Nigam Limited and Dakshin Haryana Bijli Vitran Nigam Limited.The PPA capacity was selected through competitive bidding under expression of interest invited by the HPPC on July 3, 2018.