Essar Renewables Signs 300 MW Power Deal With NHPC
Essar Renewables has signed a Power Purchase Agreement with NHPC for a 300 MW project. Essar Power plans to invest about ₹4,500 crore in it. The project will combine solar, wind and battery storage, so it can supply renewable power when it is needed.
Context
Context: A Power Purchase Agreement is a long-term contract to buy electricity at agreed terms. NHPC is a government-owned power company, and India is adding solar, wind and battery storage to meet its clean energy goals.
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