CESC Limited has issued Letters of Award (LOAs) for 600 MW of wind-solar hybrid power projects across four entities, following a tariff-based competitive bidding process. The projects carry a tenure of 25 years, with discovered tariffs in a narrow range of Rs. 3.74 to Rs. 3.75 per kWh. Allocation split and tariffs The largest share, 300 MW at Rs. 3.75/kWh, has been awarded to Purvah Green Power Private Limited, a subsidiary of CESC. The remaining…
CESC Limited will raise Rs 300 crore through 30,000 non-convertible debentures (NCDs) via private placement. Each debenture has a face value of Rs 1 lakh, is senior, secured, rated, unlisted, and carries a three-year tenure. The NCDs will offer a floating coupon of 3-month Treasury Bill rate plus 2.30% per annum, paid quarterly. In case of default, an extra 2% per annum applies. Allotment is set for September 26, 2025, with redemption on September 26,…
CESC Limited has launched a Rs 2.26 billion infrastructure upgrade project to improve the electricity supply in Kodagu district, Karnataka. The focus is on addressing long-standing power reliability issues, especially in forested and hilly areas. The project involves repairs to 536 km of distribution lines and system strengthening across five subdivisions: Madikeri, Kushalnagar, Somwarpet, Gonikoppa, and Virajpet. Area-wise allocations are as follows: Madikeri (Rs 0.49 billion), Kushalnagar (Rs 0.40 billion), Somwarpet (Rs 0.40 billion), Gonikoppa…
Envision Energy signed a framework agreement with Purvah Green Power Private Limited, a step-down subsidiary of CESC Limited, on June 4, 2025. The agreement covers the supply of wind turbine generators (WTGs) for setting up 1,000 MW of wind power projects across India. The deal includes supply, commissioning, and a 10-year operations and maintenance (O&M) contract for the WTGs. The projects will be installed at multiple locations in India. Earlier this year, on January 9,…
CESC Limited has signed a 25-year power purchase agreement (PPA) with Bhojraj Renewables Energy Private Limited on April 28, 2025. Bhojraj Renewables is a subsidiary of Purvah Green Power Private Limited, which is wholly owned by CESC. The agreement covers the development of 300 MW Inter-State Transmission System (ISTS)-connected wind-solar hybrid power projects across India. The project includes 300 MW wind and 150 MW solar capacity, designed to supply hybrid power to CESC on a…
Purvah Green Power Private Limited (PGPPL), a wholly owned subsidiary of CESC Limited, has signed a share purchase agreement (SPA) to acquire a 100 per cent stake in Deshraj Solar Energy Private Limited. Upon completion, Deshraj Solar Energy will become a step-down subsidiary of CESC. This acquisition aligns with CESC’s strategy to expand its presence in the renewable energy sector.