Essar Renewables Signs 300 MW PPA With NHPC for ₹4,500 Crore Andhra Pradesh Project

Essar Renewables Limited has signed a Power Purchase Agreement with NHPC for a 300 MW project in Andhra Pradesh. 

The project will require an investment of approximately ₹4,500 crore and will combine solar, wind and battery storage to supply firm and dispatchable renewable power. 

Solar, Wind and Battery Storage in One Project 

The proposed facility will bring together solar generation, wind power and Battery Energy Storage Systems. 

This combination is intended to help provide renewable power that can be supplied in a more reliable and dispatchable manner. 

₹4,500 Crore Investment Planned 

Essar Power plans to invest around ₹4,500 crore in the Andhra Pradesh project. 

The 300 MW development is part of the group's broader plan to build a diversified energy portfolio of approximately 5 GW across renewable, thermal and gas-based generation. 

Part of a Growing Renewable Portfolio 

Essar Renewables is expanding its presence across solar, wind and energy storage projects. 

According to Essar Power CEO Ankur Kumar, the 300 MW project with NHPC marks an important milestone for the renewable energy business and supports its plans to build a scalable portfolio. 

Around 1 GW Already Awarded 

The company has already secured three major renewable energy tenders from central public sector undertakings, including NHPC and SJVN. 

Together, these projects account for an aggregate awarded capacity of around 1 GW. 

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Conclusion 

The agreement with NHPC adds another major project to Essar Renewables' pipeline. With ₹4,500 crore planned for a project combining solar, wind and battery storage, the 300 MW development marks a significant addition to its renewable energy plans. 

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