Chandigarh, July 1 -- SAEL Industries Limited, an integrated renewable energy company, has signed a power purchase agreement (PPA) through its subsidiary, SAEL Solar P15 Private Limited, with Punjab State Power Corporation Limited (PSPCL) for a 400-megawatt solar photovoltaic (PV) power project. The solar power project will be located in Punjab and is expected to be fully operational within 24 months from the signing date. "The PSPCL will purchase the solar power generated by the project at a tariff of Rs.2.97 per kilowatt-hour (kWh) for a duration of 25 years," according to a press release. SAEL Industries chief executive officer Laxit Awla said: "With its agriculture waste-to-energy plants and solar projects, SAEL is actively contributing to the state's renewable energy transition," he added. HTC...