Hero Future Energies Private Limited (HFE) has signed a power purchase agreement (PPA) with SJVN Limited to supply 120 MW of firm and dispatchable power through a renewable energy project integrated with energy storage. The agreement follows the company’s successful bid in SJVN’s 1,200 MW auction to supply firm and dispatchable power, with HFE securing 120 MW at a tariff of Rs 4.25 per kWh.
The project will be developed on a build-own-operate basis and can be established at any location in India, provided it is connected to the interstate transmission system. Once operational, the project is expected to cater to the electricity needs of a prominent state in North India for the next 25 years.
Additionally, HFE has also signed a MoU with the Binh Dinh Provincial Department of Finance in Vietnam. This MoU pertains to the development of a proposed $200 million green hydrogen production project in the Binh Dinh province.
