Business Update25 Sept 2026, 01:12 pm
CESC Subsidiary Signs Power Deal, Invests in Wind Project
AI Summary
CESC Limited's subsidiary, Purvah Green Power Private Limited (PGPPL), through its wholly-owned subsidiary KUS Renewable Private Limited (KRPL), has entered into a Power Purchase Agreement (PPA) with Prism Johnson Limited (PJL). The PPA is for the procurement of energy from a 49.5 MW wind power plant to be constructed by KRPL in Madhya Pradesh. Additionally, PJL will invest up to INR 40 crores for a 26.5% equity stake in KRPL. This marks RPSG's entry into commercial and industrial power supply, focusing on energy-intensive industries.
Key Highlights
- CESC subsidiary signs 25-year PPA for 49.5 MW wind project.
- Prism Johnson to invest up to ₹40 Cr for 26.5% stake in project company.
- Project to supply renewable power to Prism Johnson's cement facility.
- Expands RPSG's renewable energy platform into C&I sector.
Price Impact
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