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Hero Future Energies Signs PPA with NTPC to Supply 120 MW of FDRE Power

Hero Future Energies has signed a PPA with NTPC to supply 120 MW of firm and dispatchable renewable energy. The capacity was secured under NTPC’s 3 GW FDRE auction at a tariff of INR 4.69/kWh.

April 16, 2025. By Mrinmoy Dey

Hero Future Energies has signed a Power Purchase Agreement (PPA) with NTPC for the supply of 120 MW Firm and Dispatchable RE power. It secured the capacity under NTPC’s 3 GW FDRE auction with a competitive bid of INR 4.69/kWh.

“Once commissioned, this 120 MW project under NTPC FDRE 1 will meet the energy requirements of one of North India’s leading states for the next 25 years. At HFE, we remain committed to accelerating India’s energy transition by providing efficient and affordable clean energy solutions,” stated the company.

Last week, Hero Future Energies entered into a Power Purchase Agreement (PPA) with SJVN to develop a 120 MW Firm and Dispatchable Renewable Energy (FDRE) project under the SJVN FDRE-2 tender. The PPA tenure for the project will be 25 years.

Last month, Andhra Pradesh CM N. Chandrababu Naidu virtually inaugurated Hero Future Energies' (HFE) first-of-its kind Green Hydrogen plant at Rockman Industries in Tirupati, Andhra Pradesh. The plant is considered a pioneering initiative for its unique blending of green hydrogen with PNG/LPG for an industrial furnace application – a breakthrough feat in industrial decarbonisation. The technology integration promises significant reductions in emissions, laying the groundwork for a scalable model that can be replicated across hard to abate industries in AP and the rest of India.

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Firm Dispatchable Renewable Energy project

FDRE Project

Power purchase agreement (PPA)