CESC Green Power Rs 5000 crore investment : CESC Green Power, an RP-Sanjiv Goenka Group co., invests Rs 5,000 cr in a 3 GW solar plant, battery manufacturing & RE projects. Learn about India’s growing clean energy sector.
In a major push towards India’s renewable energy goals CESC Green Power Ltd. a wholly-owned subsidiary of the power utility giant CESC Ltd., has announced a massive investment plan of Rs 5,000 crore across the clean energy value chain. This strategic move positions the RP-Sanjiv Goenka Group company as a significant player in the nation’s green energy transition.
The investment, detailed in an official exchange filing by CESC Ltd. will be channeled into building a diversified and integrated renewable energy portfolio. This isn’t just about generating power; it’s about building a complete ecosystem for clean energy in India.
A Multi-Pronged Investment in a Green Future
The Rs 5,000 crore investment will be spread across several key areas:
- Large-Scale Solar Manufacturing: The cornerstone of the plan is setting up a 3 GW (Gigawatt) solar cell and module manufacturing plant. This move directly supports the Indian government’s “Make in India” and Production Linked Incentive (PLI) schemes aimed at boosting domestic manufacturing and reducing reliance on imported solar panels.
- Battery Manufacturing: Recognizing the critical need for energy storage, a portion of the investment is earmarked for establishing battery manufacturing units. This is crucial for stabilizing power grids that rely on intermittent solar and wind energy, ensuring a consistent electricity supply.
- Renewable Energy Power Plants: Alongside manufacturing, the company will develop its own 60 MW renewable energy power plant. This ensures they are not just making the equipment but also actively generating clean electricity.
- Ancillary and Value-Chain Units: The plan includes investing in various ancillary units, creating a robust supply chain that supports the main manufacturing facilities and generates widespread industrial growth and employment.
Full Financial Backing from Parent Company CESC Ltd.
CESC Ltd., the Kolkata-based parent company with decades of experience in power generation, transmission and distribution has pledged its complete support to ensure the success of this ambitious project.
The company stated it will provide “all necessary financial support” to CESC Green Power Ltd. This backing will include:
- Direct equity infusion to strengthen the subsidiary’s financial base.
- Strategic assistance in planning and execution.
- Facilitating institutional funding from banks and financial institutions.
This strong corporate backing de-risks the project and highlights the group’s serious commitment to its green energy ambitions.
What This Means for India’s Energy Landscape
This investment is more than just a corporate expansion; it’s a significant development for the sector:
- Boosting Domestic Manufacturing: The 3 GW solar plant will contribute significantly to India’s goal of becoming self-reliant in solar technology.
- Creating Jobs: The projects will create numerous direct and indirect jobs in manufacturing, construction, and operations.
- Strengthening the Grid: The focus on battery storage is key to solving the challenge of renewable energy intermittency, leading to a more reliable and resilient power grid.
- Attracting Further Investment: Large investments like this build confidence in the Indian renewable market, potentially attracting more domestic and foreign capital.
By building an integrated setup—from manufacturing cells and batteries to generating power—CESC Green Power is not just participating in the green energy wave but is helping to build it, making a solid claim for a leadership position in India’s clean energy future.
