Ceigall India Limited, through its subsidiary Ceigall Green Energy MP Limited, has executed 15 power purchase agreements (PPA) with Madhya Pradesh Power Management Company Limited (MPPMCL) for a total awarded solar capacity of 130 MW under the Surya Mitra Krishi Feeder Yojana.
Under the agreements, the company will develop, operate and maintain solar photovoltaic generating stations and supply power for a period of 25 years at a quoted tariff of Rs 2.85 per unit. The project has an estimated engineering, procurement and construction cost of Rs 5.72 billion and is scheduled for execution within 12 months.