CESC Subsidiary Secures SECI Award for 70 MW Renewable Power

KOLKATA — Integrated utility flagship CESC Limited announced that its subsidiary, Purvah Green Power Private Limited, has officially received a Letter of Award from the Solar Energy Corporation of India Limited to supply 70 MW of renewable power. The contract covers the supply of Firm and Dispatchable Renewable Energy Round-the-Clock power over a long-term execution period of 25 years. The regulatory development marks a key addition to CESC's expanding green power pipeline as Indian power utilities scale up dispatchable clean energy assets.

The project was awarded through a competitive tariff-based bidding process overseen by the Solar Energy Corporation of India, a nodal agency under the Ministry of New and Renewable Energy. Under the agreement, Purvah Green Power will supply 70 MW of firm green energy at a fixed tariff of ₹5.25 per kilowatt-hour (kWh). The 25-year timeline begins from the scheduled commencement date of supply.

Execution Terms and Corporate Framework

According to regulatory disclosures submitted to stock exchanges, the transaction carries no financial interest from CESC’s promoter group in SECI, ensuring compliance with non-related party transaction norms. Purvah Green Power serves as the dedicated clean energy vehicle for CESC Limited, focusing on building, owning, and operating utility-scale renewable generation facilities.

The allocation utilizes SECI's Firm and Dispatchable Renewable Energy model. Unlike traditional intermittent solar or wind generation, the FDRE framework combines hybrid renewable generation—such as wind and solar units—with storage systems to ensure predictable power delivery to distribution utilities.

This award aligns with CESC's long-term strategy to build a robust green portfolio. The initiative complements previous clean energy developments by the subsidiary, including a 175 MW wind power award from SECI secured at ₹3.85/kWh and multi-megawatt hybrid power agreements.

Official Sources Statement

According to corporate disclosures filed with the BSE and the National Stock Exchange of India:

"Purvah Green Power Private Limited, a subsidiary of CESC Limited, has received the Letter of Award (LOA) issued by Solar Energy Corporation of India Limited (SECI) for the supply of 70 MW Firm and Dispatchable Renewable Energy Round-the-Clock (FDRE-RTC) power. The supply contract is established at a tariff of ₹5.25 per kWh for a period of 25 years."

Why It Matters

For industrial users, consumers, and state distribution utilities, dispatchable renewable energy reduces reliance on fossil-fuel thermal plants during peak hours while stabilizing grid frequency.

For investors and energy markets, this 70 MW win provides 25 years of steady revenue visibility for CESC Limited. It reinforces the broader transition of conventional power utilities toward low-carbon generation models.

Key Facts at a Glance

• Awarding Entity: Solar Energy Corporation of India Limited.

• Recipient Entity: Purvah Green Power Private Limited (Subsidiary of CESC Limited).

• Capacity Allocated: 70 MW of Firm and Dispatchable Renewable Energy (FDRE-RTC).

• Agreed Tariff: ₹5.25 per kWh.

• Contract Tenure: 25 years from the scheduled commencement of supply.

Frequently Asked Questions

What is the capacity awarded to CESC's subsidiary?

The Letter of Award grants Purvah Green Power Private Limited a capacity of 70 MW under SECI's renewable supply program.

What is the tariff rate for the electricity supplied?

The electricity tariff agreed upon under the award is fixed at ₹5.25 per kWh.

What does Firm and Dispatchable Renewable Energy (FDRE) mean?

FDRE combines renewable energy sources (like solar and wind) with energy storage systems to supply power on demand, mimicking the reliability of conventional power plants.

How long is the power supply contract valid?

The contract spans 25 years starting from the scheduled commencement date of supply.

Source: BSE Limited Filings, National Stock Exchange of India (NSE) Disclosures, and Official Company Disclosures from CESC Limited.