Mumbai, March 07 : JSW Energy on Monday said that its Kutehr hydro t has signed a power purchase agreement (PPA) with Haryana Power Purchase Centre (HPPC) for supply of 240 MW hydro power. The PPA is valid for a period of 35 years (with further extension possible at mutually agreed terms), and signed at a Levelized ceiling tariff of Rs 4.50/kWh (at ex bus-bar). The PPA capacity was selected through competitive bidding by the HPPC. JSW Energy through its wholly-owned step-down subsidiary JSW Energy Kutehr Ltd (JSWEKL) is currently constructing the 240 MW hydro-electric plant located in Kutehr, Chamba district of Himachal Pradesh. “The project construction is progressing well ahead of its schedule, with 65 per cent tunnelling work completed by Feb’22 and is expected to be commissioned by September 2024,” JSW Energy said. Haryana Power Purchase Centre will purchase the power on behalf of Uttar Haryana Bijli Vitran Nigam (UHBVN) and Dakshin Haryana Bijli Vitran Nigam (DHBVN). In Sep ‘2020, Haryana Electricity Regulatory Commission (HERC) had granted its approval for above procurement of power and had directed the parties to finalise the PPA. The power purchased under the PPA will be utilised to meet the Hydro Power Purchase Obligation (HPPO) of the state discom utilities. JSW Energy has set an ambitious target for 50 per cent reduction in carbon footprint by 2030 and achieving carbon neutrality by 2050 by transitioning towards renewable energy. “The company has set a target to reach 20 GW capacity by 2030, with the share of renewable energy increasing to 85 per cent of total,” it said. NK
