New Delhi: SAEL Industries Limited, a company engaged in integrated renewable energy solutions, has entered into a power purchase agreement (PPA) with Punjab State Power Corporation Limited (PSPCL) for a 400-megawatt solar photovoltaic (PV) project. The agreement has been signed through its subsidiary, SAEL Solar P15 Private Limited.
SAEL said in a press release, “The PSPCL will purchase the solar power generated by the project at a tariff of ₹2.97 per kilowatt-hour (kWh) for a duration of 25 years.”
