CESC Subsidiary Secures 180 MW Renewable Energy Contract
Filing Summary
CESC Ltd’s subsidiary, Purvah Green Power Private Limited, has received a Letter of Award from REMC Limited for a 180 MW grid-connected renewable energy project. The contract involves the supply of round-the-clock power over a 25-year period at a tariff rate of Rs 4.35 per kWh. This domestic contract does not involve any related party transactions. The award follows an open competitive bidding process and is not associated with any interest from CESC’s promoter group.
CESC Ltd has announced that its subsidiary, Purvah Green Power Private Limited, has acknowledged the receipt and acceptance of a Letter of Award from REMC Limited. The award, dated December 23, 2025, is for the setup of grid-connected renewable energy power projects, with or without storage, to supply 180 MW of round-the-clock power.
The contract was awarded following an open competitive bidding process. The project is domestic in nature, with the power supply to be executed over a period of 25 years from the date of commissioning. The agreed tariff rate for the power supply is Rs 4.35 per kWh.
There are no related party transactions involved in this contract, and the promoter or promoter group of CESC Ltd does not have any interest in REMC Limited, the entity awarding the contract. The contract is purely domestic, with no international involvement.
REMC Limited is involved in the development and management of renewable energy projects. The company focuses on facilitating the integration of renewable energy into the grid, ensuring reliable and sustainable power supply solutions.
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 supply capabilities through strategic projects and partnerships.