SECI commits Rs 2,500 cr investment in Madhya Pradesh

State-owned Solar Energy Corporation of India (SECI) on Monday said it will invest Rs 2,500 crore phase-wise in renewable energy projects in Madhya Pradesh. SECI has signed a memorandum of understanding (MoU) with the Madhya Pradesh government for setting up a 200 MW solar project in Dhar under the CPSU Scheme and a 1,000 MWh Battery Storage Project in the state, a company statement said.

The MoU was signed at the two-day Global Investors Summit 2025 in Bhopal.

The agreement was signed by Sivakumar V Vepakomma, Director (Power Systems) SECI and Manu Srivastava, Additional Chief Secretary (NRE).

The 200 MW solar project is part of a 500 MW Agreement, executed in 2023 with MP Power Management Company Ltd (MPPMCL) for 25 years under which SECI will supply the electricity to the state.

The corporation has proposed a phase-wise capital expenditure of Rs 2,500 crore for the expansion and development of renewable energy in Madhya Pradesh.