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Glossary

Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.

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Power purchase agreement

Fundamental analysis
Also called: PPA

A long-term contract to buy a generator’s electricity at an agreed tariff.

In plain terms

Often 25 years for renewables. It makes revenue predictable enough to borrow against; power sold without one goes to the exchanges at volatile prices.

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Indian stock market glossary · Market Vidyalaya