CESC Ltd Awards Contracts for 600 MW Wind-Solar Hybrid Projects
Filing Summary
CESC Ltd has issued four Letters of Award for the development of Wind-Solar Hybrid Power Projects totaling 600 MW. The awards were granted to four domestic entities: Purvah Green Power Pvt Ltd, Vismaya Renewables India Project Pvt Ltd, Hexa Climate Solutions Pvt Ltd, and Sprng Energy Pvt Ltd. Each entity will supply power under a 25-year agreement. The applicable tariff rates range from Rs. 3.74 to Rs. 3.75 per kWh. Purvah Green Power, a subsidiary of CESC, received a 300 MW contract, which is a related party transaction conducted at arm’s length.
CESC Ltd has issued four Letters of Award for the development of Wind-Solar Hybrid Power Projects, as disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The awards were announced on March 17, 2026, and are part of a competitive bidding process initiated by CESC in accordance with the Ministry of Power’s guidelines dated August 21, 2023.
The contracts have been awarded to four domestic entities: Purvah Green Power Pvt Ltd, Vismaya Renewables India Project Pvt Ltd, Hexa Climate Solutions Pvt Ltd, and Sprng Energy Pvt Ltd. Each entity will supply Wind-Solar Hybrid Power on a long-term basis. The power purchase agreements will remain in force for a period of 25 years.
The awarded capacities are as follows: Purvah Green Power will supply 300 MW, while Vismaya Renewables, Hexa Climate Solutions, and Sprng Energy will each supply 100 MW. The applicable tariff for the power supplied by Purvah Green Power is Rs. 3.75 per kWh. Vismaya Renewables will supply power at Rs. 3.74 per kWh, while Hexa Climate Solutions and Sprng Energy will supply at Rs. 3.75 per kWh.
Purvah Green Power, a subsidiary of CESC, is involved in a related party transaction. The transaction is conducted at arm’s length and is in the ordinary course of business. The other three entities do not have any promoter or group company interest with CESC.
Purvah Green Power Pvt Ltd focuses on renewable energy projects, particularly in the wind and solar sectors. The company aims to expand its portfolio through strategic partnerships and competitive bidding processes.
CESC Ltd is a leading power utility company engaged in the generation and distribution of electricity. The company focuses on expanding its renewable energy portfolio and enhancing its power generation capacity through strategic projects and collaborations.