Hexa Climate has signed a power purchase agreement (PPA) with NHPC for a 160 MW firm and despatchable renewable energy (FDRE) project.
The project includes 80 MW of base capacity and an additional 80 MW under the greenshoe option. It will supply round-the-clock renewable power through an interstate transmission system under a 25-year agreement. NHPC will act as the intermediary procurer, while the power will be supplied to Punjab State Power Corporation Limited. The project was awarded through competitive bidding at a tariff of Rs 4.33 per kWh.