Advertisement
What really powers the cloud? Behind every Google search, A...
A lot of what defines a home isn’t visible at handover. I...
Private equity has played a significant role in shaping Indi...
Luxury real estate is one of the most talked-about segments ...
Airports play a much bigger role than just enabling travel -...
Ceigall India has signed a power purchase agreement through its wholly owned subsidiary for a 220 MW solar and battery energy storage system (BESS) project at Morena Solar Park in Madhya Pradesh. The project, valued at around INR 1,700 crore including GST, has been awarded by Rewa Ultra Mega Solar Ltd. It will be developed over 18 months and operated for 25 years at a discovered tariff of INR 2.70 per kWh. The project marks Ceigall India's continued expansion into the renewable energy sector alongside its core infrastructure business.
Ceigall India has signed a power purchase agreement (PPA) for a 220 MW solar and battery energy storage system (BESS) project at Morena Solar Park in Madhya Pradesh, expanding its presence in the renewable energy sector.
The agreement was signed by the company's wholly owned subsidiary, Ceigall Morena Solar BESS Park Ltd, with Rewa Ultra Mega Solar Ltd. The project is valued at approximately INR 1,700 crore, including GST, and has been awarded under a tariff-based bidding process.
The project combines solar power generation with a battery energy storage system, helping improve grid stability while supporting India's growing renewable energy capacity. It will be developed over an 18-month construction period and will have an operational life of 25 years. The discovered tariff for the project is INR 2.70 per kWh.
Commenting on the development, Chairman and Managing Director Ramneek Sehgal said the project reflects the company's growing capabilities beyond its conventional infrastructure business and strengthens its presence in the clean energy sector. He added that Ceigall India's diversified expertise and leadership team would help the company contribute to India's sustainable growth while creating long-term value for stakeholders.
The project adds to the company's efforts to diversify its business beyond transport infrastructure. Ceigall India is primarily an engineering, procurement and construction (EPC) company involved in the development of highways, expressways, bridges, flyovers, railway overbridges, tunnels, runways and other critical infrastructure projects. In recent years, the company has also started expanding into renewable energy opportunities as India accelerates investments in clean power and energy storage infrastructure.
Source PTI
Advertisement
Facebook
Whatsapp
