Deals15 Jul 2025, 11:13 am
KPI Green Energy Secures 150 MW Wind Power Projects from GUVNL
AI Summary
KPI Green Energy Ltd. has informed the exchange about receiving a Letter of Intent (LOI) from Gujarat Urja Vikas Nigam Limited (GUVNL) for the development of 150 MW grid-connected Wind Power Projects. The LOI was awarded pursuant to the Company’s participation in the competitive bidding process initiated by GUVNL under ‘Procurement of power through competitive bidding process vide RfS No. GUVNL / 250 MW / Wind (Phase IX)’. The Power Purchase Agreement (PPA) with GUVNL will be executed upon obtaining the requisite approval from the Gujarat Electricity Regulatory Commission (GERC). This order aligns with KPI Green Energy’s strategic vision and its target of achieving 10 GW capacity by 2030.
Key Highlights
- KPI Green Energy received LOI from GUVNL for 150 MW wind power projects.
- The LOI was awarded pursuant to a competitive bidding process initiated by GUVNL.
- The PPA with GUVNL will be executed upon obtaining necessary approvals.
- This order aligns with KPI Green Energy’s strategic vision and its target of achieving 10 GW capacity by 2030.