Ceigall India Ltd Selected as L1 Bidder for 130 MW Solar Project
Filing Summary
Ceigall India Ltd has been declared the L1 Bidder by Madhya Pradesh Urja Vikas Nigam Ltd (MPUVNL) for a solar photovoltaic power project. The project involves setting up solar power plants with a total capacity of 130 MW (AC) under the Surya Mitra Krishi Feeders Scheme – PM KUSUM-C in Madhya Pradesh. The project execution is expected within 18 months, with a 25-year operational period. The estimated EPC cost is approximately ₹550 Crore, including GST. The Letter of Award is pending issuance by MPUVNL.
Ceigall India Ltd has emerged as the L1 Bidder in the financial bid conducted by Madhya Pradesh Urja Vikas Nigam Ltd (MPUVNL) for the development of solar photovoltaic power generating stations. The project is part of the Surya Mitra Krishi Feeders Scheme – PM KUSUM-C and involves an aggregate capacity of 130 MW (AC). The power plants will be established in two districts within the state of Madhya Pradesh.
The significant terms of the contract include a Power Purchase Agreement for a duration of 25 years from the scheduled commercial operation date. The execution period for the project is set at 18 months, followed by a 25-year operational period. The estimated Engineering, Procurement, and Construction (EPC) cost for the project is approximately ₹550 Crore, inclusive of Goods and Services Tax (GST).
The contract has been awarded by a domestic entity, and there is no involvement of international parties. Additionally, the promoter or promoter group of Ceigall India Ltd does not have any interest in MPUVNL, and the contract does not fall under related party transactions.
The information provided is based on the results declared on the e-procurement portal. However, the official Letter of Award from MPUVNL is yet to be issued. Ceigall India Ltd will make a separate announcement upon receipt of the Letter of Award.
Madhya Pradesh Urja Vikas Nigam Ltd is a state government entity responsible for the promotion and development of renewable energy projects in Madhya Pradesh. It plays a crucial role in implementing various schemes to enhance the state’s renewable energy capacity.
Ceigall India Ltd is engaged in the development and execution of infrastructure projects, with a focus on renewable energy solutions. The company aims to expand its portfolio in the solar energy sector through strategic projects and collaborations.