The 600MW coal-fired Tori II power station is under construction in the Indian state of Jharkhand.
The binding PPA, which has been signed by Noida Power Company with Essar Energy’s subsidiary Essar Power Jharkhand, has a 25-year duration and will commence from April 2014.
Under the terms of the PPA, Essar Energy will supply power at a delivered levelised tariff, including transmission costs of approximately 7.6 US cents per kWh.
The levelised tariff net of transmission costs is approximately 6.2 US cents per kWh.
At its 1,200MW Tori I project, which is also under construction, Essar Energy has already signed two PPAs of 300MW and 450MW, both for 25 years, with the Bihar State Electricity Board.
