The total capacity awarded is 600 MW, with Purvah Green Power Private Ltd, a CESC subsidiary, securing 300 MW. The remaining 300 MW was awarded equally to Vismaya Renewables India Project Private Ltd, Hexa Climate Solutions Private Ltd, and Sprng Energy Private Ltd, each receiving 100 MW.
The agreements will be valid for 25 years, with the applicable tariff for Purvah at ₹3.75 per kWh, Vismaya at ₹3.74 per kWh, and Hexa and Sprng Energy at ₹3.75 per kWh each.
Also Read: CESC arm gets go-ahead for ₹4,500-cr Odisha solar and battery plant
The 300 MW project awarded to Purvah is treated as a related-party transaction and executed on an arm’s-length basis under competitive bidding. The other three contracts involve domestic entities and do not fall under related-party transactions.
In January this year, CESC announced that its subsidiary, CESC Green Power Ltd, signed a memorandum of understanding (MoU) with the governor of Uttar Pradesh on January 20, 2026. The project is expected to involve an investment of around ₹3,800 crore.
“We write to inform you that CESC Green Power Limited, a subsidiary of the company, has entered into a Memorandum of Understanding (‘MoU’) on January 20, 2026, with the Governor of Uttar Pradesh for establishment of 3 GW Solar Cell/module plant, 60 MW of Solar Power Plant and ancillary units, Research & Development Lab and other infrastructural facilities in Uttar Pradesh, with an investment of around ₹3,800 crore,” according to a stock exchange filing.
Also Read: Explained — Key factors behind the surge of up to 15% in power stocks led by NTPC Green Energy
The agreement entails the establishment of a 3 GW solar cell and module manufacturing plant, a 60 MW solar power plant, and associated units, including a research & development laboratory and other infrastructural facilities in the state.
Shares of CESC Ltd ended at ₹156.20, down by ₹0.65, or 0.41%, on the BSE.
(Edited by : Jomy Jos Pullokaran)
