Essar to Invest Rs. 45 bn in 300 MW Renewable Project with NHPC
POWER & RENEWABLE ENERGY

Essar to Invest Rs. 45 bn in 300 MW Renewable Project with NHPC

Essar Power will invest around Rs. 45 bn in a 300 MW renewable energy project in Andhra Pradesh after signing a power purchase agreement with state-run NHPC. The project will combine solar and wind generation with battery energy storage systems to provide firm and dispatchable electricity.

Essar Renewables, the renewable energy arm of Essar Power, signed the agreement for the project with NHPC. The arrangement is intended to supply electricity according to contracted schedules, using storage capacity to manage fluctuations in renewable generation and support more reliable power delivery.

The investment forms part of Essar Power’s plan to build an energy portfolio of around 5 GW across renewable, thermal and gas-based generation. The company said its strategy combines conventional power generation with newer clean energy technologies as it expands its presence in India’s changing electricity market.

The project is being developed as India seeks to meet rising electricity demand while increasing the contribution of renewable sources. Unlike standalone solar or wind facilities, firm and dispatchable renewable energy projects integrate multiple generation sources and storage so that electricity can be supplied more consistently.

Battery storage has become an important component of India’s energy transition as the share of renewable power in the electricity mix increases. NHPC, a Navratna public sector enterprise under the Ministry of Power, has traditionally focused on hydropower but has expanded into solar and wind projects. India is targeting 500 GW of non-fossil fuel-based installed electricity capacity by 2030, creating demand for investment in generation, storage and transmission infrastructure.

Essar Power will invest around Rs. 45 bn in a 300 MW renewable energy project in Andhra Pradesh after signing a power purchase agreement with state-run NHPC. The project will combine solar and wind generation with battery energy storage systems to provide firm and dispatchable electricity. Essar Renewables, the renewable energy arm of Essar Power, signed the agreement for the project with NHPC. The arrangement is intended to supply electricity according to contracted schedules, using storage capacity to manage fluctuations in renewable generation and support more reliable power delivery. The investment forms part of Essar Power’s plan to build an energy portfolio of around 5 GW across renewable, thermal and gas-based generation. The company said its strategy combines conventional power generation with newer clean energy technologies as it expands its presence in India’s changing electricity market. The project is being developed as India seeks to meet rising electricity demand while increasing the contribution of renewable sources. Unlike standalone solar or wind facilities, firm and dispatchable renewable energy projects integrate multiple generation sources and storage so that electricity can be supplied more consistently. Battery storage has become an important component of India’s energy transition as the share of renewable power in the electricity mix increases. NHPC, a Navratna public sector enterprise under the Ministry of Power, has traditionally focused on hydropower but has expanded into solar and wind projects. India is targeting 500 GW of non-fossil fuel-based installed electricity capacity by 2030, creating demand for investment in generation, storage and transmission infrastructure.

Related Stories

Gold Stories

Next Story
Equipment

BorgWarner secures three turbocharger contracts with global powertrain leader

BorgWarner has secured three new turbocharger contracts with a global powertrain technology company. The wins comprise one contract for its variable turbine geometry (VTG) turbocharger and two for its wastegate turbocharger. The technologies will be deployed in the customer's light-vehicle gasoline platforms in South America and Europe, with production scheduled to begin in 2027.The VTG turbochargers are designed for gasoline engines operating under demanding conditions and high-boost pressure requirements. They are engineered to support Miller-cycle engines and withstand exhaust temperatures ..

Next Story
Infrastructure Transport

International Digi Yatra Trials Begin at Seven Airports

India has begun trials of Digi Yatra for international passengers at seven airports, allowing eligible Indian passport holders to use facial recognition at selected airport checkpoints. The facility is currently limited to Indian nationals with e-passports travelling on selected international flights operated by Air India and IndiGo. The Civil Aviation Ministry announced the trials on 1 November, with testing scheduled through December 2026. A wider rollout is expected in 2027 after the ministry assesses passenger feedback gathered during the trial period, according to PTI. The system is inten..

Next Story
Infrastructure Transport

Air India Plans More Wide-Body Jets, CEO Signals Profitability Soon

Air India is seeking to expand its order for wide-body aircraft as it works to increase international passenger traffic, chief executive Tewolde Gebremariam said on Tuesday. The Tata Group-owned carrier is also targeting a return to profitability in the near term, as its turnaround programme addresses fleet, network and service challenges. The comments came months after Gebremariam took charge of the airline. Gebremariam, who previously led Ethiopian Airlines, said the airline wanted more wide-body aircraft. Air India has held discussions with Boeing and Airbus while assessing the economics of..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code