Emrock Corporation Limited secures PPAs from UGVCL for 12 MW of solar power, generating Rs 6.38 crore annually

Emrock Corporation Limited has received confirmation of Power Purchase Agreements (PPAs) from Uttar Gujarat Vij Company Limited (UGVCL) for 12 megawatts (MW) of solar power, comprised of three separate 4 MW projects slated for completion between March 20, 2028, and March 23, 2028. The agreements, under the Gujarat Renewable Energy Policy, 2023, will supply electricity for 25 years at a tariff of Rs 2.76 per unit, generating an estimated annual revenue of Rs 637.56 lakh (Rs 6.3756 crore) across the three projects. With this confirmation, Emrock’s total confirmed power supply commitments to UGVCL now stand at 40 MW, including one operational plant, six under erection, and two newly confirmed PPAs, while a further proposal remains under consideration.