NHPC Limited and Gujarat Urja Vikas Nigam Limited (GUVNL) signed two Power Purchase Agreements (PPAs) in Vadodara on June 30, 2026, for the procurement of power from NHPC's 1,856 MW Sawalkot Hydro Electric Project in the Union Territory of Jammu & Kashmir and the 1,720 MW Kamala Hydro Electric Project in Arunachal Pradesh. The agreements provide for the supply of power to GUVNL for a period of 40 years from the Commercial Operation Date (COD) of the respective projects, reaffirming the commitment of both organizations to ensuring a reliable supply of clean and sustainable hydroelectric power.

Highlighting the significance of the agreements, Bhupender Gupta, CMD, NHPC, said, "The signing of these long-term Power Purchase Agreements marks another significant step in NHPC's commitment to strengthening India's clean energy transition through reliable and sustainable hydropower. These partnerships contribute towards ensuring long-term energy security while supporting the nation's renewable energy goals." The PPAs were signed by the General Manager (Commercial), NHPC and the General Manager (Commercial), GUVNL in the presence of senior officers from both organizations.