Powerica Limited Bags 100 MW Wind Power PPA from GUVNL

Powerica Limited (BSE Scrip Code: 544744 | NSE Symbol: POWERICA | CIN: L31100MH1984PLC032825) has announced the execution of a key Power Purchase Agreement (PPA) under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Mumbai-headquartered power equipment and renewable energy solution provider signed the agreement with state utility Gujarat Urja Vikas Nigam Limited (GUVNL) to construct and operate a 100 MW wind power project in Gujarat.

Key Terms & PPA Details

Awarding Entity: Gujarat Urja Vikas Nigam Limited (GUVNL) - Domestic Entity.

Contract Nature: Procurement of power from a 100 MW grid-connected wind energy facility.

Agreed Tariff: ₹3.435 per kWh (unit).

PPA Tenure: 25 years from commercial operation.

Execution Timelines: Project setup and commissioning within 24 months.

Strategic Significance

The 25-year long-term power supply contract provides steady revenue visibility for Powerica Limited while furthering Gujarat's renewable power purchase obligations (RPO) and clean energy generation footprint.

Source : Equity Bulls

Keywords

Powerica OrderWin 100MW WindPower PPA GUVNL