Ceigall India Limited has secured a letter of award (LoA) from Rewa Ultra Mega Solar Limited for development of unit 1 at Morena Solar Park in Madhya Pradesh with an installed capacity of 220 MW and a battery energy storage system component.
The project forms part of Rewa Ultra Mega Solar Limited’s 440 MW tender for the Morena Solar Park and has been awarded under a tariff-based structure, with Ceigall quoting a tariff of Rs 2.70 per kWh. The total project value, including goods and services tax, is estimated at Rs 17 billion with execution planned over 24 months followed by an operations period of 25 years.