CESC Limited, a major player in the power utility sector, announced on Wednesday that it has chosen its subsidiary, Purvah Green Power Private Limited, to develop a 300 MW solar photovoltaic project. Of the total 300 MW capacity, 150 MW will be developed under tariff-based competitive bidding in India, while the remaining capacity will be pursued under the greenshore option.
The power purchase agreement for the project will be valid for 25 years from the start of power supply, according to the company’s regulatory filing. Although the contract value was not disclosed, this project signifies an important milestone in CESC’s push towards renewable energy.
In July 2024, it acquired a 63.91% stake in Purvah Green Power for Rs 205 crore, solidifying it as a direct subsidiary. This stake was previously held by Crescent Power Limited, another CESC subsidiary. CESC, known for its operations in power generation, transmission, and distribution, aims to strengthen its green energy portfolio, targeting 2 GW in the near future through its investment in Purvah Green Power.
CESC Limited, a prominent power utility company in India, is engaged in the generation, transmission, and distribution of electricity across various regions, primarily in Kolkata and surrounding areas. With over a century of operations, the company has established a strong presence in the power sector, managing a well-integrated system that ensures reliable electricity supply to millions of consumers. In recent years,
CESC has been expanding its renewable energy portfolio, focusing on solar and other sustainable energy sources. This strategic shift aligns with the company’s goal to diversify its energy mix and contribute to India’s green energy transition.
