KPI Green Energy Limited, the renewable arm of KP Group, has bagged new engineering, procurement, construction (EPC) orders from Gujarat Urja Vikas Nigam Ltd (GUVNL). The company will be responsible for developing 1,003.7 MW of renewable energy projects. These projects were won under various tenders and in three different phases. The projects were then transferred to KP Energy for the completion of order.
The hybrid project secured in Phase 1 has a capacity of 86.8 MW – including 70 MW from solar and 16.8 from wind energy. In phase 2, a 641.9 MW hybrid project was secured. This is separated into a 510 MW solar project and a 123.9 MW wind project. The last project was secured under phase 3 and is a 275 MW solar project. The scope of work for the project includes engineering, procurement, construction, supply, construction, designing and commissioning of the projects.
In May 2024, KPI Green Energy secured 74.3 MW new orders for solar power projects. In the same month, KPI Green Energy Limited’s board approved a proposal to raise up to Rs 10 billion through issuance of shares via qualified institutional placement (QIP).
