CESC Green Power's Massive Rs 5,000 Crore Clean Energy Investment

CESC Green Power, a subsidiary of CESC Ltd under the RP-Sanjiv Goenka Group, is investing Rs 5,000 crore in clean energy sectors, including a 3 GW solar plant. The project involves multiple locations across India, and CESC Ltd pledges financial support to ensure successful implementation.

CESC Green Power, a wholly-owned subsidiary of CESC Ltd, is embarking on a significant investment path by allocating Rs 5,000 crore towards clean energy initiatives. This involves establishing a 3 GW solar cell/module plant as well as other supportive manufacturing units across India.

As part of the RP-Sanjiv Goenka Group, the company outlined its ambitious plans in an exchange filing, highlighting the establishment of various ancillary units, including battery manufacturing and a 60 MW renewable energy power plant.

Kolkata-based CESC, a major player in the power sector, will ensure the financial backbone required for the project's success through equity infusion, strategic guidance, and institutional funding, ensuring the achievement of financial closure and effective implementation.

(With inputs from agencies.)