The agreements will be valid for 25 years, with the applicable tariff for Purvah at ₹3.75 per kWh, Vismaya at ₹3.74 per kWh, and Hexa and Sprng Energy at ₹3.75 per kWh each.
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The 300 MW project awarded to Purvah is treated as a related-party transaction and executed on an arm’s-length basis under competitive bidding. The other three contracts involve domestic entities and do not fall under related-party transactions.In January this year, CESC announced that its subsidiary, CESC Green Power Ltd, signed a memorandum of understanding (MoU) with the governor of Uttar Pradesh on January 20, 2026. The project is expected to involve an investment of around ₹3,800 crore.
“We write to inform you that CESC Green Power Limited, a subsidiary of the company, has entered into a Memorandum of Understanding (‘MoU’) on January 20, 2026, with the Governor of Uttar Pradesh for establishment of 3 GW Solar Cell/module plant, 60 MW of Solar Power Plant and ancillary units, Research & Development Lab and other infrastructural facilities in Uttar Pradesh, with an investment of around ₹3,800 crore,” according to a stock exchange filing.
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The agreement entails the establishment of a 3 GW solar cell and module manufacturing plant, a 60 MW solar power plant, and associated units, including a research & development laboratory and other infrastructural facilities in the state.
Shares of CESC Ltd ended at ₹156.20, down by ₹0.65, or 0.41%, on the BSE.
(Edited by : Jomy Jos Pullokaran)
