CESC Subsidiary Purvah Green Power Secures 250 MW Wind Project Contract from SECI
CESC Limited's subsidiary, Purvah Green Power Private Limited, has accepted a Letter of Award from SECI for a 250 MW Grid-Connected Wind Power Project. The project will operate under a tariff rate of ₹3.69 per kWh for 25 years. This marks a significant addition to the company's renewable energy capacity.
The order is for a substantial capacity (250 MW) and has a long-term execution period (25 years), which is positive for the company's future revenue streams and renewable energy portfolio.
The company has secured a new order for a significant wind power project, indicating business expansion and growth potential.
CESC Limited announced that its subsidiary, Purvah Green Power Private Limited (Purvah), has received and accepted a Letter of Award (LOA) from Solar Energy Corporation of India Limited (SECI). This award is for setting up a 250 MW Grid-Connected Wind Power Project under a Tariff-Based Competitive Bidding process (SECI-Tranche-XIX).
The project involves supplying power from a Wind Power Project with a capacity of 250 MW. The tariff rate for this contract has been set at ₹3.69 per kWh. The execution period for this order is 25 years from the scheduled commencement of the supply date. The contract was awarded by SECI, a domestic entity, and does not fall under related party transactions. Purvah had previously submitted its response to the Request for Selection for this project.
CESC Limited is a prominent integrated power utility in India, engaged in the generation, transmission, and distribution of electricity. Its operations span across various regions, and it is committed to expanding its renewable energy portfolio.
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CESC Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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