KP Energy has entered into an agreement with Suzlon Energy for settlement of final accounts and resolution of the pending issues and completion of the handover of the 50.4MW wind power project (Project) which has been commissioned and in generation since March 2019 at Mahuva Site in Bhavnagar, Gujarat.
It is pertinent to mention that KP Energy has restarted its punch-point completion activities and hand over of the Project in accordance with the amicable meetings between the Stakeholders of the Project and the Agreement between Suzlon and KP Energy. The agreed milestone payments have been started to realise from Suzlon in accordance with the Agreement.
KP Energy engages in operating solar and wind energy projects in India. It is developing a wind farm of 25 Megawatts in Bhavnagar and 150 Megawatts in Porbandar.
