CESC’s wholly-owned subsidiary, CESC Green Power Ltd, is set to establish a 3+ GW solar cell/module plant along with battery manufacturing and a 60 MW RE power plant. The total investment is estimated to be up to INR 5,000 Crores. This initiative aims to enhance CESC’s renewable energy footprint across various locations in India.
Green Power Expansion Plans
CESC Green Power Ltd, a subsidiary of CESC, is embarking on a significant expansion in the renewable energy sector. The company plans to set up a large-scale solar cell/module manufacturing facility, integrating various components of the green energy value chain.
Project Details and Investment
The project includes a 3+ GW solar cell/module plant, battery manufacturing capabilities, and a 60 MW renewable energy (RE) power plant. These facilities will be located across multiple locations in India. The estimated total capital investment for this ambitious project is up to INR 5,000 Crores.
Financial Support and Strategic Assistance
CESC Limited will provide comprehensive financial support to CESC Green Power Ltd to ensure the successful financial closure and effective implementation of the project. This support includes equity infusion, strategic assistance, and facilitating access to institutional funding, underscoring CESC’s commitment to the green energy venture.
Source: BSE
