Essar Power Gujarat Limited (EPGL) signed power purchase agreement (PPA) with Gujarat Urja Vikas Nigam Ltd.(GUVNL) for its Salaya II plant in Jamnagar district of Gujarat.
The PPA is for 800 MW out of the plant’s capacity of 1,320 MW. The remnant capacity will be sold on merchant basis.
The PPA is valid for a period of 25 years from the start of commercial operations.
Under the terms of the PPA, EPGL will supply power to GUVNL at a levelised tariff of Rs.2.80 per kwh (around US cents 6.2 per kwh).EPGL was awarded the contract following a competitive bidding process.
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