Powerica Limited has signed a power purchase agreement (PPA) with Gujarat Urja Vikas Nigam Limited (GUVNL) for the development of a 100 MW wind power project in Gujarat. The project will supply electricity to GUVNL at a tariff of Rs 3.435 per kWh under a 25-year agreement. The project is scheduled to be completed within 24 months.
Earlier, in July 2026, GUVNL announced the winners of its auction to procure power from 250 MW of grid-connected wind power projects (Phase XI). NLC India Renewables secured 100 MW, while Juniper Green Energy and Powerica won 50 MW each. The three companies secured their respective capacities at a tariff of Rs 3.51 per kWh. Cu-Built Renewable Energy secured the remaining 50 MW at a tariff of Rs 3.52 per kWh.
Also in July 2026, SJVN signed PPAs with GUVNL for the supply of green power from its upcoming hydroelectric projects in Himachal Pradesh. The hydro projects include the 66 MW Dhaulasidh HEP, the 210 MW Luhri Stage-I HEP and the 382 MW Sunni Dam HEP.
