Bhopal: The Solar Energy Corporation of India Limited (SECI), a Navratna Central Public Sector Undertaking (CPSU) under the Ministry of New & Renewable Energy (MNRE), has signed a Memorandum of Understanding (MoU) with the Government of Madhya Pradesh to establish a 200 MW solar project in Dhar under the CPSU Scheme and a 1000 MWh battery storage project in the state. The MoU was formalized during the Global Investors Summit 2025, held in Bhopal from February 24-25.
The Global Investors Summit 2025 was inaugurated by Prime Minister Narendra Modi, in the presence of Madhya Pradesh Governor Mangubhai Chhaganbhai Patel and Chief Minister Mohan Yadav. The event brought together investors, government officials, and industry leaders to explore opportunities for economic and infrastructural growth in the state.
The MoU was signed between Sivakumar V Vepakomma, Director (Power Systems), SECI, and Manu Srivastava, IAS, Additional Chief Secretary (NRE), Government of Madhya Pradesh. The signing took place in the presence of Rakesh Shukla, Minister of New & Renewable Energy, Madhya Pradesh, and R P Gupta, IAS (Retd), Chairman and Managing Director, SECI.
The 200 MW solar project in Dhar is part of a larger 500 MW agreement signed in 2023 between SECI and MP Power Management Company Limited (MPPMCL). Under this agreement, SECI will supply electricity to the state for 25 years. Additionally, SECI has committed to a phase-wise capital expenditure of ₹2,500 crore to accelerate the development of renewable energy infrastructure in Madhya Pradesh.
The proposed 1000 MWh battery storage project is expected to enhance grid stability, enable round-the-clock renewable energy supply, and support peak demand management in the state. Battery storage is a crucial component in India’s clean energy transition, ensuring uninterrupted power availability even when solar generation fluctuates.
Madhya Pradesh is emerging as a key hub for renewable energy projects, with the state government actively collaborating with public and private sector players to expand solar, wind, and hybrid energy installations. The new projects will contribute significantly to India’s national target of achieving 500 GW of non-fossil fuel capacity by 2030 and Net Zero emissions by 2070.
The Global Investors Summit 2025 witnessed participation from global investors, policymakers, and energy sector stakeholders, reinforcing Madhya Pradesh’s position as a leading investment destination for renewable energy in India. The MoU with SECI marks another milestone in the state’s journey towards sustainable energy growth and economic development.
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