Ceigall India Executes 15 PPAs for 130 MW Solar Capacity with MPPMCL
Filing Summary
Ceigall India Limited, through its wholly owned subsidiary Ceigall Green Energy MP Limited, has executed 15 Power Purchase Agreements (PPAs) with Madhya Pradesh Power Management Company Limited (MPPMCL) for a solar capacity of 130 MW. The agreements, under the Surya Mitra Krishi Feeder Yojna, involve a 25-year operational period at a tariff of Rs 2.85 per unit. The estimated EPC cost is ₹572 crore, including GST. The project has a 12-month execution timeline. This development is part of Ceigall’s strategic expansion into renewable energy.
Ceigall India Limited, through its wholly owned subsidiary Ceigall Green Energy MP Limited, has finalized the execution of 15 Power Purchase Agreements (PPAs) with Madhya Pradesh Power Management Company Limited (MPPMCL). The agreements, completed on April 1, 2026, cover a total awarded solar capacity of 130 MW under the Surya Mitra Krishi Feeder Yojna. This initiative is aimed at providing reliable daytime power to the agricultural sector through dedicated solar feeders.
The financial terms of the agreements include a quoted tariff of Rs 2.85 per unit for the power supplied. The estimated Engineering, Procurement, and Construction (EPC) cost for the project is approximately ₹572 crore, inclusive of GST. These agreements are structured to ensure a long-term supply of solar power over a 25-year period, reflecting a significant financial commitment to renewable energy infrastructure.
The scope of the project involves the implementation, operation, and maintenance of solar photovoltaic power generating stations. Ceigall Green Energy MP Limited is responsible for delivering the agreed capacity of 130 MW. The agreements specify that the power will be supplied under the terms of the Surya Mitra Krishi Feeder Yojna, a government initiative to enhance energy availability for agricultural purposes.
The execution of these PPAs aligns with Ceigall India Limited’s strategic focus on expanding its presence in the renewable energy sector. The project is part of a broader effort to support India’s clean energy goals and contribute to sustainable infrastructure development. The Surya Mitra Krishi Feeder Yojna is a key component of this strategy, aimed at improving energy security and reliability for the agricultural sector.
The timeline for the project includes a 12-month period for work execution, followed by a 25-year operational term. The agreements were executed with MPPMCL, a domestic entity responsible for power management in Madhya Pradesh. This collaboration underscores the commitment of both parties to advancing solar energy solutions in the region.
Madhya Pradesh Power Management Company Limited (MPPMCL) is a state-owned entity focused on managing power distribution and procurement in Madhya Pradesh. The company plays a crucial role in implementing government initiatives aimed at enhancing the state’s energy infrastructure and ensuring reliable power supply.
Ceigall India Limited is an infrastructure engineering, procurement, and construction company engaged in the development of highways, expressways, bridges, flyovers, railway overbridges, tunnels, and runways. The company executes projects under EPC as well as Hybrid Annuity Model (HAM) formats and has a strong track record of timely execution across multiple states in India. Ceigall’s strategic foray into solar energy aligns with its broader push towards sustainable infrastructure and energy security.