Ceigall India Limited, through its wholly owned subsidiary, Ceigall Morena Solar BESS Park Limited, has signed a power purchase agreement (PPA) with Rewa Ultra Mega Solar Limited. The agreement is for a 220 MW solar and battery energy storage system (BESS) project at Morena solar park in Madhya Pradesh.
The project is valued at around Rs 17 billion, with a discovered tariff of Rs 2.70 per kWh. Additionally, the project will have an operational period of 25 years, and is expected to be completed within 18 months.