Key Quantitative Figures and Terms
- Project Capacity: 300 MW
- Tariff: Fixed at ₹3.64 per unit
- Contract Duration: 25 years
- Commissioning Timeline: Power supply to commence within 24 months from the effective date of the PPA
Project Background and Acquisition
The project was secured through a competitive bidding process under SJVN's 600 MW ISTS-connected Wind Power Projects (WIND-3) scheme. The PPA represents a domestic contract awarded by a domestic entity (SJVN Limited).
Strategic Importance and Financial Impact
The PPA marks a significant milestone in the Company's wind energy journey and provides predictable and stable cash flows due to the long-term fixed tariff structure. The project meaningfully strengthens the Company's utility-scale wind portfolio and adds strong momentum to the Group's KP 3.0 roadmap, under which the Company is set to build 10 GW of owned IPP capacity by FY32.
Regulatory Compliance Details
As per Annexure-A disclosure requirements:
- Entity awarding contract: SJVN Limited
- Nature of contract: Power Purchase Agreement
- Domestic/International: Domestic entity and domestic contract
- Execution timeframe: Commencement within 24 months from PPA effective date, 25-year tenure
- Broad consideration: 300 MW contracted capacity at ₹3.64/unit for 25 years
- Promoter/group interest: No interest in the entity awarding the contract
- Related party transaction: No, and transaction is at arm's length