Solar Energy Corporation of India Limited (SECI), a Navratna Central Public Sector Undertaking (CPSU) under the Ministry of New & Renewable Energy, has signed a Memorandum of Understanding (MoU) with the Government of Madhya Pradesh for the development of a 200 MW solar power project in Dhar. The agreement also includes the establishment of a 1,000 MWh battery storage project in the state.
The MoU was signed during the Global Investors Summit 2025, a two-day event being held in Bhopal from February 24 to 25. The summit, organized by the Government of Madhya Pradesh, was inaugurated by the Prime Minister of India in the presence of the Governor of Madhya Pradesh, Mangubhai Chhaganbhai Patel, and the Chief Minister of Madhya Pradesh, Mohan Yadav.
Representing SECI at the signing ceremony was Sivakumar V Vepakomma, Director (Power Systems), while the Government of Madhya Pradesh was represented by Manu Srivastava, IAS, Additional Chief Secretary (New & Renewable Energy). The MoU signing took place in the presence of the Minister of New & Renewable Energy of Madhya Pradesh, Rakesh Shukla, and RP Gupta, IAS (Retd), Chairman and Managing Director of SECI.
This 200 MW solar project is part of a broader 500 MW agreement that SECI executed in 2023 with MP Power Management Company Limited (MPPMCL) for a period of 25 years. Under this agreement, SECI will supply renewable electricity to the state, reinforcing Madhya Pradesh’s commitment to clean energy expansion.
SECI has proposed a phase-wise capital expenditure of ₹2,500 crore for the development and expansion of renewable energy infrastructure across Madhya Pradesh. This investment is expected to drive economic growth, create employment opportunities, and significantly contribute to India’s renewable energy targets.
The initiative aligns with the government’s vision of promoting sustainable energy and reducing carbon emissions while ensuring energy security for the state. The project is set to strengthen Madhya Pradesh’s position as a leader in the renewable energy sector and bolster India’s transition to a greener future.
