Essar Signs PPA with NHPC for 300 MW Renewable Energy Project, to Invest ₹4500 Crore

~Essar Renewables signs a PPA with NHPC for a 300 MW renewable energy project in Andhra Pradesh, backed by an investment of approximately ₹4,500 crore.
Mumbai, Maharashtra, Nov 04 (VNI): Essar Renewables Limited (ERL), the renewable energy arm of Essar Power, has signed a Power Purchase Agreement (PPA) with NHPC Limited for a 300 MW Firm and Dispatchable Renewable Energy (FDRE) project in Andhra Pradesh. Essar Power will invest approximately ₹4,500 crore in the project, which will integrate solar, wind and Battery Energy Storage Systems (BESS) to deliver reliable and dispatchable renewable power.
According to the company, the project is part of Essar Power’s strategy to build a diversified energy portfolio of approximately 5 GW, spanning renewable, thermal and gas-based power generation.
Commenting on the development, Srinivasan Vaidyanathan, Operating Partner – Infrastructure, Essar Group, said, “As India advances towards the vision of Viksit Bharat, building a reliable and sustainable energy ecosystem will be critical to supporting its ambitions. Essar’s experience in the energy sector, combined with our focus on new technologies and emerging opportunities, gives us a strong foundation to participate in this next phase of India’s energy growth.”
Ankur Kumar, CEO, Essar Power, added, “At Essar Renewables, we are focused on building a strong portfolio across solar, wind and Battery Energy Storage Systems, tapping into the growing opportunities in India’s renewable energy sector. The 300 MW FDRE project with NHPC is an important milestone in this journey, strengthening our portfolio and advancing our ambition to build a scalable renewable energy business.”
NHPC Limited, a Navratna enterprise of the Government of India under the Ministry of Power, is India’s largest hydropower development organisation. Over the years, NHPC has diversified its operations into solar and wind energy and is strengthening its presence across the renewable energy sector.
Essar Power’s energy strategy reflects a balanced approach to India’s evolving energy landscape, combining investments in renewable energy and emerging clean energy solutions with reliable conventional power generation. As electricity demand continues to grow across industrial and urban centres, the company aims to build an integrated energy portfolio supporting energy security, grid reliability and India’s transition towards a lower-carbon future. The project aligns with national energy priorities and contributes to India’s target of achieving 500 GW of renewable energy capacity by 2030. VNI NEWS, Essar Renewables NHPC PPA, 300 MW FDRE Project, Essar Power Investment, ₹4,500 Crore Renewable Energy Project, Andhra Pradesh Renewable Energy, Battery Energy Storage Systems, Essar Power, Essar Renewables, NHPC Limited, Renewable Energy, FDRE Project, Andhra Pradesh, Solar Energy, Wind Energy, Battery Energy Storage Systems, Green Energy, Viksit Bharat, 500 GW Renewable Energy Target, VNINews, VNINews.com