💡 CESC signed 600 MW of long-term power purchase agreements for wind-solar hybrid projects, securing 25-year revenue streams.
What Happened
CESC Limited has signed Power Purchase Agreements (PPAs) for the procurement of 600 MW of power from grid-connected wind-solar hybrid power projects. The agreements are with four companies: Vismaya Renewables India Project Private Limited (100 MW), Hexa Climate Solutions Private Limited (100 MW), Purvah Green Power Private Limited, a subsidiary of CESC (300 MW), and Sprng Energy Private Limited (100 MW). These PPAs follow the issuance of Letters of Award announced in March 2026.
Key Details
- Company: CESC Limited
- Event Type: Order Win
- Filing Date: 16-Apr-2026 19:04:53
- NSE Filing: View Document
Why It Matters
This is a significant development for CESC as it locks in long-term, contracted revenue for 25 years. The total capacity of 600 MW, including 300 MW from its own subsidiary, represents a major expansion of its renewable energy portfolio. The fixed tariffs (Rs. 3.74-3.75 per kWh) provide revenue visibility and stability. This move aligns with India's push for hybrid renewable projects and strengthens CESC's position in the green energy sector, potentially improving its future earnings profile.
Disclaimer: This is publicly available information sourced from NSE. Not investment advice.
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