Adani Green Energy (AGEL) on Tuesday entered into a power purchase agreement (PPA) with state-run Solar Energy Corporation of India (Seci) to supply 4,667 MW of green power. This is the largest PPA, the Seci, the state-run green power aggregator, has clinched with any producer; AGEL called the pact the world’s largest.
The contract is part of the solar tender awarded by Seci to AGEL on June 9, 2020. The tender envisages the setting up of 8,000 MW of generation capacity and additional 2,000 MW of solar cells and module-manufacturing capacity.
With the latest deal, AGEL has signed PPAs with Seci for a total generation capacity of close to 6,000 MW. AGEL said it expected to close the balance 2,000 MW PPA in the next two to three months.
The execution of the entire project is seen to cost the firm around Rs 45,000 crore ($6 billion).
