Ceigall India Secures 130 MW Solar Project from MPUVNL
Filing Summary
Ceigall India Ltd has received multiple Letters of Award from Madhya Pradesh Urja Vikas Nigam Ltd (MPUVNL) for the development of solar photovoltaic power generating stations. The project involves an aggregate capacity of 130 MW (AC) under the Surya Mitra Krishi Feeders Scheme – PM KUSUM-C. The contract includes a tariff-based Power Purchase Agreement for 25 years. The estimated EPC cost is approximately ₹550 Crore, including GST. The project execution is scheduled over 18 months, followed by a 25-year operational period. This is a domestic contract with no related party transactions.
Ceigall India Ltd has announced the receipt of multiple Letters of Award from Madhya Pradesh Urja Vikas Nigam Ltd (MPUVNL) for the establishment of solar photovoltaic power generating stations. The project, under the Surya Mitra Krishi Feeders Scheme – PM KUSUM-C, involves an aggregate capacity of 130 MW (AC) and will be implemented in two districts within Madhya Pradesh.
The awarded contract includes a tariff-based Power Purchase Agreement (PPA) that will extend for a period of 25 years from the scheduled commercial operation date. The project is classified as a domestic contract, with no involvement of international entities. The nature of the contract focuses on the selection and establishment of Solar PV Based Power Plants for generating solar power.
The execution timeline for the project is set at 18 months, after which the operational period will commence for the next 25 years. The estimated Engineering, Procurement, and Construction (EPC) cost for the project is approximately ₹550 Crore, inclusive of GST. There is no interest from the promoter or promoter group in the awarding entity, and the contract does not fall under related party transactions.
The project is part of the broader initiative by MPUVNL to enhance solar power generation capacity in the region. Madhya Pradesh Urja Vikas Nigam Ltd focuses on renewable energy development and is actively involved in implementing various solar power projects across the state.
Ceigall India Ltd is engaged in the development of infrastructure projects, with a focus on renewable energy solutions. The company aims to expand its portfolio in the solar energy sector, contributing to sustainable energy initiatives. Ceigall India is committed to executing large-scale projects that align with national energy goals.