CESC Limited has announced that its subsidiary, Purvah Green Power Private Limited, has been awarded a contract to supply 300 MW of Wind-Solar Hybrid Power. The Letter of Award was issued by Noida Power Company Limited (NPCL), another subsidiary of CESC, following a competitive bidding process under the “Guidelines for tariff Based Competitive Bidding Process for Procurement of Power from Grid Connected Wind Solar Hybrid Project” set by the Ministry of Power.
Key Details of the Contract:
- Awarded Entity: Purvah Green Power Private Limited (domestic entity and a subsidiary of CESC Limited).
- Project Scope: Supply of 300 MW Wind-Solar Hybrid Power on a long-term basis.
- Contract Duration: 25 years from the scheduled commencement of power supply.
- Nature of Transaction: Related party transaction conducted at arm’s length and in the ordinary course of business.
This move aligns with CESC’s commitment to enhancing renewable energy capabilities while contributing to sustainable energy goals. The project is expected to bolster the company’s portfolio in the growing renewable energy sector.
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