CESC Signs Power Purchase Agreement for 300 MW Wind-Solar Hybrid Project

CESC Limited, a major private utility company in India, has taken a step toward renewable energy development by entering into a long-term Power Purchase Agreement (PPA). The agreement, involving a hybrid energy project, signals the company’s strategic direction towards sustainable power sourcing.

Agreement Details and Tariff Commitment

CESC Limited has signed a Power Purchase Agreement with Bhojraj Renewables Energy Private Limited, its subsidiary, for procuring 300 MW of wind-solar hybrid power. The contract is set for a period of 25 years at a tariff of ₹3.81 per kWh. This agreement reflects CESC’s commitment to integrating renewable sources into its power mix, ensuring cost stability over the long term. The deal highlights a substantial capacity addition in the renewable segment, contributing to India’s broader clean energy objectives.

The implementation of the agreement is conditional upon the approval of the West Bengal Electricity Regulatory Commission (WBERC). Once approved, the contract will be deemed effective from the date of such clearance. CESC has disclosed this development in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, maintaining transparency with stakeholders and regulatory bodies.

Read More: CESC Expands Power Distribution Business with Chandigarh Acquisition

CESC Share Performance 

As of April 29, 2025, at 11:00 AM, CESC share price is trading at ₹160.40 per share, reflecting a surge of 0.67% from the previous closing price. Over the past month, the stock has surged by 4.85%. The stock’s 52-week high and 52-week low stands₹212.49 and ₹119.00 per share, respectively.

Conclusion

The Power Purchase Agreement between CESC and Bhojraj Renewables underscores the growing role of hybrid energy solutions in India’s power sector. Subject to regulatory approval, this 25-year arrangement is set to play a key role in CESC’s long-term energy sourcing plans.

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