Essar Renewables signs agreement with NHPC for Andhra Pradesh project
The 300 MW project will integrate solar, wind and battery energy storage systems with an investment of approximately ₹4,500 crore.
Essar Renewables Ltd. (ERL) has signed a Power Purchase Agreement (PPA) with NHPC Ltd. for a 300 MW Firm and Dispatchable Renewable Energy (FDRE) project in Andhra Pradesh, according to The Hindu.
The parent firm, Essar Power, will invest about ₹4,500 crore ($475 million) in the project. The facility will integrate solar, wind and Battery Energy Storage Systems (BESS) to deliver dispatchable renewable power.
This project is part of Essar Power's strategy to build a diversified energy portfolio of approximately 5 GW, which includes renewable, thermal and gas-based power generation.
Srinivasan Vaidyanathan, Operating Partner-Infrastructure at Essar Group, said the company's experience and focus on new technologies provide a foundation to participate in India's energy growth.
Essar Power CEO Ankur Kumar stated that the 300 MW FDRE project with NHPC is an important milestone in their journey to build a portfolio across solar, wind and BESS.