KSK Energy Ventures Limited, a Hyderabad-based power plant developer, has signed a power purchase agreement (PPA) from its power plant at Nariyara, Chhattisgarh.
The PPA has been executed with Gujarat Urja Vikas Nigam Limited (GUVNL) for long-term supply of 1,010-Mw of power based on dedicated coal supplies from Gujarat Mineral Development Corporation and its coal blocks.
“The PPA establishes the benefits of a successful public-private partnership model emerging with the lowest tariff among the 10 qualified bidders selected by GUVNL through a competitive bidding process,” the company said in a filing to the BSE on Monday.
KSK Energy’s scrip is currently trading at Rs 172.80 on the BSE, down 2.57 per cent over the previous close of Rs 177.35.
