Adani Green Energy Limited (AGEL), through its wholly-owned step-down subsidiary Sixty Nine Limited, has entered into a Power Purchase Agreement (PPA) with Uttar Pradesh Power Corporation Limited (UPPCL). The agreement covers the supply of 400 megawatts (MW) of solar power from a grid-connected solar photovoltaic (PV) project.
The solar project will be developed in the state of Rajasthan and will contribute to the renewable energy supply portfolio of UPPCL. This agreement aligns with broader state and national targets to increase the share of renewable energy in the power mix and reduce dependence on fossil fuels.
In the exchange filings, the company shared, “Adani Green Energy Sixty Nine Limited, a Wholly-owned step-down subsidiary of the company, has entered into a Power Purchase Agreement (“PPA”) with Uttar Pradesh Power Corporation Limited (“UPPCL”) for supply of 400 MW solar power from grid connected solar PV power project to be developed in the state of Rajasthan.”
The power generated from the upcoming solar PV plant will be transmitted to the grid and used to meet the electricity needs of consumers in Uttar Pradesh.
