KPI Green Energy Ltd signs PPAs with GUVNL

KPI Green Energy Limited (the Company) has successfully signed Power Purchase Agreements ('PPAs') with Gujarat Urja Vikas Nigam Limited ('GUVNL') for 620MWAC (917MWDC) renewable energy projects as mentioned below:

(i) 250 MWAC (275MWDC) grid connected Solar Photovoltaic Power Project won through competitive bidding process vide RFS No. GUVNL / 500 MW / Solar (Phase-XXIV) dated March 15, 2024 issued by GUVNL for Procurement of Power from 500 MW grid connected Solar Photovoltaic Power projects located at anywhere in India with Greenshoe option of additional capacity upto 500MW without energy storage.

(ii) 370 MWAC (642MWDC) grid-connected Hybrid RE Power Project won through competitive bidding process vide RFS No. GUVNL / 500 MW / Hybrid RE (Phase-II) dated February 14, 2024 issued by GUVNL for procurement of power through competitive bidding process (followed by reverse e-auction) from 500 MW Hybrid RE project (Phase - II) with Greenshoe option of additional capacity upto 500MW without energy storage.

We are proud to contribute to the nation's transition to environment-friendly and sustainable renewable energy, reinforcing and accelerating our commitment to achieve our ambitious target of 10 GW capacity by 2030.

Source : Equity Bulls

Keywords

KPIGreenEnergy PPAs GUVNL RenewableEnergyProjects