India's Hexa Climate Signs 160 MW Dispatchable Renewable Energy Power Purchase Agreement with NHPC

en.Wedoany.com Reported - Hexa Climate has signed a 160 MW FDRE (Firm and Dispatchable Renewable Energy) power purchase agreement with NHPC, enabling round-the-clock on-demand power supply with clean electricity.

This type of dispatchable renewable energy is exactly what the Indian grid needs to reduce coal dependence and enhance energy security, delivering clean power on a 24/7 on-demand basis.

Once operational, the project will avoid approximately 747,000 tonnes of CO2 emissions annually, equivalent to taking 160,000 cars off the road, with total emission reductions of about 18.7 million tonnes over its lifecycle.

The project has a contracted capacity of 160 MW, comprising 80 MW of base capacity and 80 MW of greenshoe option. The annual capacity utilization factor reaches 65%, which is outstanding for a renewable energy project. The tariff was determined at INR 4.33/kWh through competitive bidding and has been adopted by both central and state regulatory authorities. The project term is 25 years, connected to the Inter-State Transmission System (ISTS). NHPC acts as the intermediary power purchaser, with PSPCL (Punjab) as the ultimate distribution company.

The Central Electricity Regulatory Commission (CERC) and the Punjab State Electricity Regulatory Commission (Punjab SERC) have adopted the project for regulatory purposes, providing strong, independent validation of its viability.

The project has been advanced through collaboration between the Hexa Climate team and the NHPC team, with both parties supporting procedural rigor and execution capability.

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