Contract Details
- Awarding Entity: Gujarat Urja Vikas Nigam Limited (GUVNL)
- Contract Type: Power Purchase Agreement
- Project Capacity: 100 MW Grid Connected Wind Power Project
- Tariff: ₹3.435 per unit
- Contract Duration: 25 years
- Execution Timeline: Scheduled Commencement of Supply Date is July 30, 2028 (24 months from PPA execution date)
- Geographic Scope: Domestic entity, domestic contract
Background and Regulatory Context
The PPA was executed pursuant to a Letter of Intent dated March 30, 2026, issued by GUVNL under the tariff-based competitive bidding process conducted under GUVNL's Wind Tender Phase X. The agreement received subsequent approval from the Gujarat Electricity Regulatory Commission (GERC) for both the tariff and PPA terms.
Strategic Significance
This PPA represents a significant milestone for the company, taking its cumulative IPP portfolio past 250 MW. The company positions this agreement as reinforcing its status as a trusted long-term partner to India's leading power utilities in building the nation's renewable energy future.
Related Party Considerations
The disclosure confirms that:
- The promoter/promoter group/group companies have no interest in GUVNL
- The transaction does not qualify as a related party transaction
- The transaction is conducted at arm's length