Deals5 Nov 2024, 04:42 pm
K.P. Energy Ltd Secures 1+ GW Order for Wind-Solar Hybrid and Solar Power Projects from KPI Green Energy Limited
AI Summary
K.P. Energy Ltd has received a Letter of Award for a 1003.7 MW order for the development of renewable energy projects from KPI Green Energy Limited. The order consists of three phases, with the first phase being a hybrid project of 86.8 MW solar and 16.8 MW wind, the second phase being a hybrid project of 518 MW solar and 123.9 MW wind, and the third phase being a solar project of 275 MW. The company will provide a range of services including Engineering, Procurement, Construction, and Commissioning (EPCC) for the project. This order is a significant milestone for K.P. Energy Ltd, reaffirming its commitment to renewable energy and sustainable development.
Key Highlights
- K.P. Energy Ltd has received a 1003.7 MW order for the development of renewable energy projects from KPI Green Energy Limited.
- The order consists of three phases, with the first phase being a hybrid project of 86.8 MW solar and 16.8 MW wind, the second phase being a hybrid project of 518 MW solar and 123.9 MW wind, and the third phase being a solar project of 275 MW.
- The company will provide a range of services including Engineering, Procurement, Construction, and Commissioning (EPCC) for the project.
- This order is a significant milestone for K.P. Energy Ltd, reaffirming its commitment to renewable energy and sustainable development.
- K.P. Energy Ltd and KPI Green Energy Limited are related parties, and the transaction is at arm’s length and within related party transactions.