CESC Acquires 300MW Solar Project in Rajasthan

• CESC Limited expands its renewable energy portfolio with the acquisition of a 300-MW solar project in Rajasthan's Bhadla Solar Park. A strategic move towards India's clean energy goals.

CESC Limited has purchased a 300-MW solar project in Rajasthan's Bhadla Solar Park from SKP Green Ventures Private Limited for approximately INR 38.4 million. The project is located in Pokaran Tehsil in Phalodi District and has already received CTU approval and acquired partial land. The acquisition was made through CESC's subsidiary Purvah Green Power Private Limited, which acquired the entire share capital of Bhadla Three SKP Green Ventures Private Limited.

This move by CESC further strengthens its presence in the renewable energy sector and adds to its growing portfolio of solar projects. The acquisition of the solar project in Rajasthan demonstrates CESC's commitment to expanding its renewable energy capacity and contributing to India's clean energy goals.

What is the significance of CESC Limited's recent acquisition in Rajasthan's Bhadla Solar Park?

• The acquisition of a 300-MW solar project in Rajasthan's Bhadla Solar Park by CESC Limited signifies the company's continued commitment to expanding its presence in the renewable energy sector.
• This acquisition adds to CESC's growing portfolio of solar projects and strengthens its position in the clean energy market.
• The project is located in a strategic location in Rajasthan's Bhadla Solar Park, which is known for its high solar radiation levels, making it an ideal location for solar power generation.
• By acquiring this solar project, CESC Limited is contributing to India's clean energy goals and helping to reduce the country's carbon footprint.
• The project has already received CTU approval and acquired partial land, indicating that it is well-positioned for development and operation in the near future.