Business Update21 Oct 2026, 06:00 pm
Powerica Ltd Receives 50 MW Wind Project LOI from GUVNL
AI Summary
Powerica Ltd has received a Letter of Intent (LOI) from Gujarat Urja Vikas Nigam Limited (GUVNL) for a 50 MW Wind Power Project in Gujarat. The LOI specifies a tariff of ₹3.51/kWh for a duration of 25 years. The project is expected to be commissioned within 24 months from the Power Purchase Agreement (PPA) execution, which must occur within 15 business days of tariff adoption by GERC. This development signifies a significant step in Powerica's renewable energy expansion.
Key Highlights
- Received LOI for 50 MW Wind Power Project from GUVNL.
- Tariff set at ₹3.51/kWh for 25 years.
- Project commissioning within 24 months of PPA.
- No promoter interest in the awarding entity.
- Transaction is not a related party transaction.
Price Impact
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