CESC Limited has successfully executed power purchase agreements for wind-solar hybrid power projects with a combined capacity of 600 MW, marking a significant step in the company's renewable energy procurement strategy. The agreements were signed with four entities following a competitive bidding process conducted in accordance with Ministry of Power guidelines, with subsidiary Purvah Green Power Private Limited securing half the total capacity.

Power Purchase Agreement Details

The company has entered into long-term power procurement contracts with multiple entities for grid connected wind-solar hybrid power projects. These agreements represent CESC's commitment to expanding its renewable energy portfolio through strategic partnerships.

Contract Terms and Commercial Considerations

All four power purchase agreements will remain in force for a period of 25 years, providing long-term energy security for CESC Limited. The tariffs are competitively priced, ranging from ₹3.74 per kWh to ₹3.75 per kWh, reflecting the competitive bidding process outcomes.

The agreements cover the supply of wind-solar hybrid power on a long-term basis, with all entities being domestic companies. This aligns with the government's focus on promoting renewable energy through domestic partnerships and investments.

Regulatory Compliance and Related Party Transactions

The power purchase agreements were executed following the competitive bidding process as per the "Guidelines for tariff Based Competitive Bidding Process for procurement of Power from Grid Connected Wind Solar Hybrid Power Projects" dated August 21, 2023, issued by the Ministry of Power, Government of India.

Notably, Purvah Green Power Private Limited is a subsidiary of CESC Limited, making this a related party transaction. However, the company has confirmed that this 300 MW wind-solar hybrid power project was awarded through tariff-based competitive bidding and is conducted on an arm's length basis in the ordinary course of business.

Strategic Implications

These power purchase agreements represent CESC Limited's strategic move to diversify its energy portfolio with renewable sources. The 600 MW total capacity from wind-solar hybrid projects will contribute significantly to the company's clean energy objectives while ensuring competitive pricing through the bidding process.

The inclusion of both subsidiary and third-party entities in the agreements demonstrates a balanced approach to renewable energy procurement, combining internal capabilities with external partnerships to achieve optimal capacity and pricing outcomes.

CESC Limited has filed its quarterly compliance certificate with stock exchanges, fulfilling regulatory requirements under SEBI depositories regulations. The submission, dated April 09, 2026, covers the quarter ended March 31, 2026, and confirms the company's adherence to prescribed dematerialisation procedures.

Regulatory Compliance Filing

The certificate was submitted under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, to both major Indian stock exchanges. Company Secretary and Compliance Officer Jagdish Patra signed the submission on behalf of CESC Limited.

Registrar Confirmation

MUFG Intime India Private Limited, formerly Link Intime India Private Limited, issued the compliance certificate as CESC's registrar and share transfer agent. The certificate confirms that all securities received from depository participants for dematerialisation during the quarter were properly processed within prescribed timelines.

Ashok Shetty, Sr. Vice President – Corporate Registry at MUFG Intime India, signed the confirmation certificate. The registrar verified that security certificates received for dematerialisation were mutilated and cancelled after due verification, with depository names substituted in the register of members as registered owners.

Stock Exchange Details

The filing was submitted to both National Stock Exchange of India Limited and BSE Limited, covering CESC's listed securities. The company maintains its listing on both exchanges under established scrip codes, ensuring continued compliance with market regulations.

This quarterly compliance certificate represents part of CESC's ongoing regulatory obligations, ensuring transparency and proper handling of shareholder securities through authorised depositories and transfer agents.