KPI Green Energy Subsidiary Executes Battery Energy Storage Purchase Agreement with 445 MW Capacity

KPI Green Energy Limited has informed the exchange that its subsidiary, Sun Drops Energia Limited, has executed the Battery Energy Storage Purchase Agreement (BESPA) with Gujarat Urja Vikas Nigam Limited (GUVNL) for the development of self-owned IPP Standalone Battery Energy Storage System (BESS) Projects with an aggregate capacity of 445 MW / 890 MWh. The BESPA has been executed pursuant to the tariff-based competitive bidding process conducted by GUVNL for procurement of Standalone BESS capacity under Phase-VII, supported by Viability Gap Funding (VGF) through the Power System Development Fund (PSDF). This agreement marks a significant milestone for the Group as it formally progresses into the implementation phase of its first utility-scale IPP Battery Energy Storage System project.