Ceigall Subsidiary Secures Power Purchase Agreement for 220 MW Solar and BESS Park
Ceigall Morena Solar BESS Park Limited, a wholly owned subsidiary of Ceigall India Limited, has executed a Power Purchase Agreement (PPA) with Rewa Ultra Mega Solar Limited. The agreement, signed on June 29, 2026, covers the development of a significant solar and battery energy storage system (BESS) project at Morena Solar Park in Madhya Pradesh.The PPA establishes the terms for the contract, which involves both solar and BESS components within a Tariff Based structure. Rewa Ultra Mega Solar Limited is the entity awarding the order, representing a domestic company.
The agreement outlines a clear timeline and financial parameters for the project. The construction period for the facility is set at 18 months, followed by an operational period spanning 25 years.
Key financial and contractual details of the Power Purchase Agreement are detailed below:
| Particulars | Details |
|---|---|
| Contract Type | Power Purchase Agreements (PPAs) |
| Executing Entities | Ceigall Morena Solar BESS Park Limited and Rewa Ultra Mega Solar Limited |
| Date of Execution | June 29, 2026 |
| Project Location | Morena Solar Park, Morena, Madhya Pradesh |
| Contract Capacity | 220 MW |
| Tariff Quoted | Rs. 2.70/kWh |
| Approximate Project Value | Rs. 1,700 Crores (including GST) |
| Construction Period | 18 Months |
| Operational Period | 25 Years |
The transaction is a domestic agreement and does not involve any interest from the promoter or group companies.
CEIGALL Stock Price Movement
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