Essar Renewables signs Power Purchase Agreement with NHPC for 300 MW project
Essar Power will invest about ₹4,500 crore in the project, which will integrate solar, wind and Battery Energy Storage Systems (BESS) to deliver and dispatchable renewable power
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Published - November 04, 2026 01:11 pm IST - MUMBAI
Essar Renewables has signed a Power Purchase Agreement with NHPC Limited for a 300 MW Firm and Dispatchable Renewable Energy (FDRE) project in Andhra Pradesh.
Photo: Special Arrangement
Essar Renewables Ltd. (ERL), the renewable energy arm of the Essar Power, said it has signed a Power Purchase Agreement (PPA) with NHPC Ltd. for a 300 MW Firm and Dispatchable Renewable Energy (FDRE) project in Andhra Pradesh.
Essar Power will invest about ₹4,500 crore in the project, which will integrate solar, wind and Battery Energy Storage Systems (BESS) to deliver and dispatchable renewable power.
Essar Power plans to build a diversified energy portfolio of approximately 5 GW, spanning renewable, thermal and gas-based power generation.
Srinivasan Vaidyanathan, Operating Partner-Infrastructure, Essar Group said, “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 said, “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.”
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