Ceigall India's arm signs PPA for 220 MW solar-BESS project in Madhya Pradesh
Mumbai, June 30 -- The project has an approximate value of Rs 1,700 crore.
According to the company's exchange filing, the tariff-based project comprises solar power generation and Battery Energy Storage System (BESS) components. The project has a construction period of 18 months and an operational period of 25 years.
The company said the PPA has been executed with a domestic entity at a tariff of Rs 2.70 per kWh. It added that neither the promoter nor the promoter group has any interest in the awarding entity, and the agreement is not a related-party transaction.
Ceigall India is an infrastructure engineering, procurement, and construction (EPC) company engaged in the development of highways, expressways, bridges, flyovers, railway ov...
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