The Solar Energy Corporation of India (SECI), a state-owned entity, has announced plans to invest Rs 25 billion in renewable energy projects in Madhya Pradesh. The investment will be executed in phases, focusing on solar power and battery storage initiatives.

As part of this initiative, SECI has entered into a memorandum of understanding (MoU) with the Madhya Pradesh government to establish a 200 MW solar project in Dhar under the CPSU Scheme. Additionally, a 1,000 MWh battery storage project is planned for the state. The agreement was formalised during the Global Investors Summit 2025, held in Bhopal.

The 200 MW solar project is a segment of a larger 500 MW agreement signed in 2023 with MP Power Management Company (MPPMCL). Under this long-term arrangement, SECI will supply electricity to Madhya Pradesh for a duration of 25 years.

To facilitate the expansion of renewable energy infrastructure, SECI has outlined a phase-wise capital expenditure strategy amounting to Rs 25 billion. This investment is expected to enhance the state's renewable energy capacity and contribute to India's clean energy transition.

The Global Investors Summit 2025 witnessed participation from central government representatives, industry stakeholders, and delegates from various states and countries, reinforcing Madhya Pradesh’s position as a growing hub for renewable energy investments.

News source: Business Standard