Powerica Limited Secures Letter of Award for 100 MW Wind Power Project
Powerica Limited has successfully received a Letter of Award (LOA) from Solar Energy Corporation of India Limited (SECI). The award pertains to the supply of power from a wind power project with a capacity of 100 MW.The LOA, dated August 05, 2026, confirms Powerica's role in developing and operating the renewable energy venture. The project is located in Gujarat, and SECI is the domestic entity awarding the contract to Powerica Limited.
Key terms and conditions of the significant order are detailed below:
| Aspect | Details |
|---|---|
| Awarding Entity | Solar Energy Corporation of India Limited (SECI) |
| Project Capacity | 100 MW Wind Power Project |
| Location | Gujarat, India |
| PPA Duration | 25 years |
| Unit Tariff | 3.85/kWh |
The project execution timeline specifies that the project must be commissioned within 24 months from the date of the Power Purchase Agreement (PPA). The company confirmed that there are no interest conflicts regarding related party transactions with SECI.
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.