Bhopal: After decades of operating in losses, the Madhya Pradesh Energy Development Corporation (MPEDC) has achieved a historic milestone by reporting a profit for the first time since its establishment in 1982. This marks 44 years since its inception, during which the corporation had never registered a gain.
Chief Minister Dr. Mohan Yadav expressed his delight over the achievement and congratulated the corporation, highlighting its role in positioning Madhya Pradesh as a model state in the renewable energy sector.
CUSUM Schemes Boost Revenue and Farmer Participation
The landmark profit is largely attributed to the successful implementation of the CUSUM schemes, which have encouraged significant participation from farmers across the state. According to the state’s Minister for New and Renewable Energy, Rakesh Shukla, over the past three years, the CUSUM programs have contributed ₹41 crore to the corporation’s income.
The government holds a 20% share of the corporation’s profits, with 10% of this share — amounting to ₹4.39 crore — handed over to Chief Minister Dr. Mohan Yadav as a dividend check. The remaining 10% will be transferred in the near future.
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CM Receives ₹4.39 Crore Dividend Check
On Tuesday, before the cabinet meeting at the state secretariat, Minister Rakesh Shukla presented the ₹4.39 crore profit dividend check to Chief Minister Dr. Mohan Yadav. He noted that the state government’s progressive policies and support for renewable energy initiatives have directly contributed to the corporation’s improved financial health.
CM Dr. Yadav congratulated the team at MPEDC and reiterated the importance of renewable energy projects, emphasizing that such initiatives not only empower farmers but also strengthen Madhya Pradesh’s position as a leading state in sustainable energy development.
Looking Ahead: Renewable Energy as a Growth Driver
With the MPEDC now profitable, the government plans to expand renewable energy programs and increase farmer participation through innovative schemes like CUSUM. These measures are expected to create a sustainable revenue model while promoting clean energy and economic development across the state.
About MPEDC
Madhya Pradesh Energy Development Corporation (MPEDC), established in 1982, focuses on promoting renewable energy projects and schemes across the state. The corporation implements government programs like CUSUM to enhance energy generation, provide financial incentives to farmers, and contribute to Madhya Pradesh’s vision of a sustainable energy future.
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