CESC Ltd's subsidiary Purvah Green Power Private Limited has officially acknowledged receipt and acceptance of the Letter of Award for a substantial 180 MW renewable energy project. The company made this disclosure under Regulation 30 of SEBI regulations, confirming the formal acceptance of the award letter issued by REMC Limited.

Official Project Award Details

The renewable energy project represents a significant milestone in CESC's green energy expansion strategy, with the subsidiary formally accepting the competitive bidding award.

Commercial Terms and Financial Impact

The project comes with favorable commercial terms that position it as a valuable long-term revenue generator for the company.

Regulatory Compliance and Transparency

CESC has fulfilled its regulatory obligations by disclosing this material development under SEBI's Listing Obligations and Disclosure Requirements. The company confirmed that the awarding entity REMC Limited has no interest from promoters or group companies, ensuring the transaction's independence. The project award was secured through open competitive bidding, demonstrating the subsidiary's competitive capabilities in the renewable energy sector.

Strategic Market Position

This 180 MW renewable energy project award reinforces CESC's commitment to expanding its presence in the clean energy sector. The competitive tariff of ₹4.35 per kWh demonstrates the project's commercial viability while contributing to India's renewable energy objectives. The 25-year contract duration provides long-term revenue visibility and stability, strengthening CESC's position in the renewable energy market.

CESC has announced that its subsidiary has issued a binding letter of intent to Klasscorp Solutions for consultancy services related to a major renewable energy project. The engagement focuses on the development of a 250 MW wind farm in Karnataka, marking a significant step in the company's renewable energy expansion strategy.

Project Details

The binding letter of intent outlines the framework for consultancy services that will support the wind farm development process. The project specifications are as follows:

Strategic Significance

This wind farm project represents a substantial addition to Karnataka's renewable energy infrastructure. The 250 MW capacity will contribute significantly to the state's clean energy goals and support India's broader renewable energy targets. The engagement of Klasscorp Solutions as the consultancy partner indicates CESC's commitment to working with specialized service providers for project development and implementation.

Renewable Energy Focus

The letter of intent demonstrates CESC's continued investment in renewable energy projects, particularly in the wind power segment. Karnataka has emerged as a key state for wind energy development due to its favorable wind conditions and supportive policy environment. The consultancy services will likely cover various aspects of project development, including technical assessments, regulatory compliance, and implementation planning.

This development aligns with the growing trend of traditional power companies expanding their renewable energy portfolios to meet evolving market demands and regulatory requirements.