CESC Limited has announced the issuance of 4 Letters of Award (LOAs) for wind-solar hybrid power projects totaling 600 MW capacity under Regulation 30 disclosure requirements. The utility company completed a tariff-based competitive bidding process following the Ministry of Power's guidelines for procurement of power from grid-connected wind-solar hybrid power projects.

Project Award Details

The company has awarded contracts to four entities for wind-solar hybrid power projects with a combined capacity of 600 MW. The selection process was conducted under the Guidelines for tariff-based Competitive Bidding Process issued by the Ministry of Power in August 2023.

Awarded Entities and Capacity Distribution

The Letters of Award have been distributed among four domestic entities with varying capacity allocations and competitive tariff rates.

Contract Terms and Structure

All four projects will operate under 25-year power purchase agreements for long-term wind-solar hybrid power supply. The tariff rates achieved through competitive bidding range from Rs. 3.74 to Rs. 3.75 per kWh, demonstrating cost-effective procurement of renewable energy.

Notably, Purvah Green Power Private Limited, which secured the largest capacity allocation of 300 MW, is a subsidiary of CESC. The company has confirmed that this transaction qualifies as a related party transaction conducted on an arm's length basis through the competitive bidding process.

Strategic Renewable Energy Expansion

This development represents a significant milestone in CESC's renewable energy strategy, combining wind and solar technologies to optimize power generation consistency. The hybrid model offers advantages over standalone renewable installations by leveraging complementary generation patterns of wind and solar resources.

The successful completion of this competitive bidding process demonstrates CESC's commitment to expanding its clean energy portfolio while ensuring transparent and cost-effective procurement practices aligned with regulatory guidelines.

CESC Limited has disclosed the incorporation of five wholly owned subsidiary companies under its subsidiary Purvah Green Power Private Limited, as per regulatory filings under Regulation 30 of SEBI Listing Regulations, 2015.

New Subsidiary Companies Incorporated

Purvah Green Power Private Limited has incorporated five new companies focused on renewable power sector opportunities, with the latest addition on March 13, 2026:

Financial Structure and Investment

Each newly incorporated company has been established as a wholly owned subsidiary of Purvah Green Power Private Limited with identical capital structure:

Strategic Objectives

All five companies have been incorporated with the primary objective to explore opportunities in the renewable power sector. This strategic move represents CESC's continued commitment to expanding its presence in the clean energy space through its subsidiary structure.

Regulatory Compliance

The incorporations were disclosed through formal communications to both NSE and BSE, signed by Company Secretary & Compliance Officer Jagdish Patra. The disclosures comply with SEBI Master Circular requirements for subsidiary company formations. The latest incorporation of Purvah Bikaner - V Two Power Private Limited was communicated on March 13, 2026, following the previous four companies incorporated on March 12, 2026.