Purvah Green Power Private Limited, the renewable energy platform of CESC Limited under the RP-Sanjiv Goenka Group, has signed a commercial and industrial power supply agreement with Prism Johnson Limited to develop a 49.5 MW wind project in Madhya Pradesh under the group captive model. Prism Johnson will hold a 26.5 per stake in the project, while Purvah will retain the remaining 73.5 per cent. The project will supply renewable power to Prism Johnson’s manufacturing operations in the state for 25 years.
Furthermore, the project will be funded through a combination of debt and equity, with equity contributed in proportion to ownership. Prism Johnson’s 26.5 per cent stake meets the ownership threshold for captive generation under Rule 3 of the Electricity Rules, 2005. The group captive arrangement exempts qualifying projects from cross-subsidy surcharge and additional charges levied by state discoms, reducing the consumer’s delivered power cost while providing the generator with a long-term offtake agreement.
In August 2026, Purvah Green Power signed an agreement to acquire a 1.4 GWp operational solar portfolio from ReNew Solar Power Private Limited, a subsidiary of ReNew, for an enterprise value of Rs 48.59 billion. The portfolio comprises six project special purpose vehicles located in Rajasthan and Karnataka.
