AHAsolar Technologies Limited has informed BSE that it has signed long term Power Purchase Agreement (PPA) for Development of 2.5MW (DC) Solar Power Plant to sell Electricity for a period ....
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Awaiting price reaction for this filing.
Ahasolar Technologies has signed a 25-year Power Purchase Agreement (PPA) with Uttar Gujarat VIJ Company Limited (UGVCL), a state power distribution utility, on May 19, 2025. The company will set up a 2.5 MW (DC) solar power plant at Himmatnagar in Sabarkantha district, Gujarat, under the government's Distributed Renewable Energy Bilateral Purchase (DREBP) Scheme. Electricity will be sold at an approved tariff of Rs. 2.76 per unit for the entire 25-year operational life of the project. The plant must be commissioned within 18 months. The estimated lifetime revenue works out to roughly Rs. 30 crore based on standard generation assumptions, providing long-term recurring income for the company. No related party interests are involved in this transaction.
This is a positive development as it locks in a long-term, government-backed revenue stream with a fixed tariff over 25 years, reducing earnings volatility. However, given the relatively small project size, the immediate impact on stock price is likely to be modest unless this is part of a larger pipeline of similar agreements.