CESC Limited announced that its subsidiary, Purvah Green Power Private Limited, has accepted the Letter of Award (LOA) from the Solar Energy Corporation of India (SECI). The award is for establishing 1200 MW of ISTS-connected Wind Power Projects under a competitive bidding framework. The associated power supply contract has a long tenure of 25 years, with a fixed tariff rate of Rs 3.69/kWh.
Major Renewable Energy Award Acceptance
CESC Limited formally disclosed a significant development concerning its subsidiary, Purvah Green Power Private Limited. Purvah has officially acknowledged the receipt and acceptance of the Letter of Award (LOA) issued by the Solar Energy Corporation of India Limited (SECI). This LOA is the outcome of a successful bid submitted by Purvah in the Request for Selection process.
Project Scope and Commercial Terms
The contract involves the setting up of 1200 MW of ISTS-connected Wind Power Projects across India, secured through the Tariff-Based Competitive Bidding mechanism (specifically SECI-Tranche-XIX). Key details summarized in the filing include:
- Awarding Entity: Solar Energy Corporation of India Ltd (SECI)
- Nature of Contract: Selection of a wind project developer for setting up a 250 MW Grid-Connected Wind Power Project under competitive bidding guidelines (Note: While the overall award is 1200 MW, the annexure details specific project terms).
- Entity Type: The award was granted by a Domestic Entity.
- Capacity: The agreement pertains to Power supply from Wind Power Project with 250 MW Capacity.
- Execution Period: The contract duration is set for 25 years from the scheduled commencement of the supply date.
- Tariff: The broad consideration is fixed at a tariff rate of Rs 3.69/kWh.
Related Party Status
CESC confirmed that the current award would not fall within the definition of related party transactions, indicating the process was conducted at “arm’s length”. Furthermore, the promoter/promoter group companies of CESC have No stated interest in the entity that awarded the contract.
The disclosure was finalized and signed by Jagdish Patra, Company Secretary & Compliance Officer, on February 12, 2026.
Source: BSE
