In a significant move towards strengthening India’s renewable energy sector, NHPC Limited and Chenab Valley Power Projects Limited (CVPPL) have entered into a long-term Power Purchase Agreement (PPA) with Damodar Valley Corporation (DVC). This agreement, spanning 40 years from the Commercial Operation Date (COD), ensures a stable and sustainable supply of hydroelectric power. The deal was formalized in Kolkata on Friday, marking a major milestone in India’s clean energy transition.
Key Highlights of the Agreement:
- Hydropower Procurement by DVC:
- NHPC: 2,880 MW Dibang, 800 MW Parbati-II, and 500 MW Teesta-VI projects.
- CVPPL: 624 MW Kiru Hydroelectric Project.
- The agreement was signed in the presence of senior officials from NHPC, CVPPL, and DVC, including DVC’s Chairman and Board Members.
- This collaboration significantly boosts DVC’s renewable energy portfolio, ensuring a steady and reliable power supply from hydropower sources.
- The PPA aligns with NHPC’s vision of expanding hydropower capacity and India’s goal of transitioning to cleaner energy solutions.
Impact of the Agreement:
This strategic partnership will provide financial stability for all parties involved, ensuring the efficient utilization of hydroelectric resources. The deal is expected to enhance energy security, support industrial expansion, and drive economic growth in the region. Additionally, it reinforces the role of hydropower as a key component of India’s sustainable energy future.
With this agreement, NHPC, CVPPL, and DVC take a major step forward in advancing India’s commitment to renewable energy and reducing dependence on fossil fuels.
