NLC signs 600 MW solar PPA with GUVNL

NLC India Green Energy Limited has inked a power purchase agreement with Gujarat Urja Vikas Nigam Limited (GUVNL) for a 600 MW solar project. The project is located at Khavda solar park, Bhuj district, Gujarat. GUVNL will purchase all the electricity generated by the project, with a power purchase agreement tariff set at Rs. 2.705 per kWh. The project is expected to produce an annual electricity generation of 1,577.88 million units, amounting to a cumulative generation of 39.447 billion units over its lifetime. Throughout its entire lifespan, the project is anticipated to mitigate around 35.5 million metric tonnes of carbon dioxide emissions.