SECI to invest INR 2,500 crore for renewables expansion in Madhya Pradesh

A deal was signed to set up a solar project.

Solar Energy Corporation of India Limited (SECI) has committed a phase-wise capital expenditure of INR 2,500 crore to expand Madhya Pradesh’s renewable energy capacity.

In line with this, SECI and the Government of Madhya Pradesh signed a deal for the development of a solar and battery energy storage facilities.

The Ministry of New and Renewable Energy said the deal involves setting up a 200 megawatt (MW) solar project in the city of Dhar and a 1,000 megawatt-hour battery energy storage project in the state

The 200 MW solar project is part of a 500 MW agreement was executed in 2023 with MP Power Management Company Limited for 25 years under which SECI will supply the electricity to the state.