Morena Solar-Plus-Storage Project Hits Record Rs 2.70 Tariff

25 Sep 2025 CW Team

In a major milestone for renewable energy, the state’s first solar-plus-storage project in Morena has achieved a record-low tariff of Rs 2.70 per unit. This marks the first project in India to deliver firm and dispatchable renewable energy (FDRE) at under Rs 3 per unit.

The project guarantees 95 per cent annual availability, a significant leap from previous projects that typically ensured only 50 per cent peak-hour supply and 85 per cent annual availability. By ensuring 95 per cent supply during peak hours, the Morena project sets a new benchmark for reliability in renewable energy.

The Morena Solar Park is being developed by Rewa Ultra Mega Solar Limited, known for executing large-scale renewable projects. The electricity generated will be purchased by the state. Two units are being established at the park, each with a capacity of 220 MW across three phases.

An e-reverse auction held on Friday lasted 12 hours and attracted bids from 16 national and international firms, nearly ten times the subscribed capacity. Participants included Adani Renewables, NTPC Renewables, ReNew Solar, ACME, Engie Energy, Dilip Buildcon, and MB Power.

Unit 1 was awarded to Ceigall India Ltd at Rs 2.70 per unit, while Unit 2 went to Acme Solar Holding Ltd at Rs 2.764 per unit.

Real Estate

07 Jul 2026

Dubai Property Sales Rise as Rental Activity Hits Record High

Dubai's real estate market recorded its highest-ever monthly rental activity in June, while property sales rose sharply in both value and volume, reflecting sustained demand across the emirate's residential and commercial sectors.According to a market analysis by fäm Properties based on DXBinteract data, 40,022 rental contracts were registered during the month, the highest monthly total on record. New rental contracts increased 48.6 per cent year on year to 19,245, while renewals rose 28.5 per cent to 20,777.Property sales reached 13,933 transactions worth AED33.2 billion in June, representin..

Isprava Partners Courtside to Launch Luxury Padel Experience

Luxury home developer Isprava has partnered with Courtside, Mumbai's first padel social club, to launch The Isprava Court, integrating its design-led lifestyle proposition with one of the city's emerging sporting destinations.Located on the rooftop of Atria Mall in Worli, Courtside spans 20,000 sq ft and combines padel, wellness, hospitality and community experiences. Since opening in February 2026, the venue has positioned itself as a social hub for sports and lifestyle enthusiasts.The Isprava Court features curated brand elements, including bespoke court branding, branded nets, towels and ac..

Kellton Tech, AEC Form JV to Drive GCC Energy Digitalisation

Kellton Tech EU, a wholly owned subsidiary of Kellton Tech Solutions, has formed a strategic joint venture (JV) with Kuwait-based Action Energy Company (AEC) to accelerate AI-led digital transformation across the Gulf Cooperation Council (GCC) energy sector.Under the agreement, AEC will hold a 51 per cent stake in the JV, while Kellton Tech EU will own the remaining 49 per cent. The venture has been established for an initial five-year term and will focus on delivering digital oilfield solutions, enterprise software, cloud computing, cybersecurity, enterprise resource planning (ERP), systems i..