CESC Limited has announced the issuance of a Letter of Award to its subsidiary, Purvah Green Power Private Limited (Purvah), for the establishment of a 150 MW Wind-Solar Hybrid Power Project. The project, awarded under the Ministry of Power’s “Guidelines for tariff Based Competitive Bidding Process for Procurement of Power from Grid Connected Wind Solar Hybrid Power Projects” dated August 21, 2023, will be developed under a tariff-based competitive bidding process. Additionally, the project will have an extra 150 MW capacity under the Greenshoe option.
The project is part of India’s ongoing efforts to promote renewable energy and reduce dependency on traditional power sources. The selected wind-solar hybrid projects will be connected to the Inter-State Transmission System (ISTS), and CESC plans to sign a Power Purchase Agreement (PPA) that will remain valid for 25 years from the commencement of supply.
Purvah, a wholly owned subsidiary of CESC Limited, will play a significant role in the project’s execution. The agreement ensures that the project is carried out at arm’s length and follows all necessary guidelines. The commercial considerations for this venture are substantial, considering the scale of the 150 MW wind-solar hybrid power capacity, with the added potential of another 150 MW under the Greenshoe option.
With this development, CESC Limited is making significant strides towards strengthening its presence in the renewable energy sector and contributing to India’s commitment to sustainable power generation.
