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KPI Green Energy gets LoI from Gujarat Urja Vikas Nigam

15 Jul 2025 Evaluate

KPI Green Energy has received the Letter of Intent (LoI) from Gujarat Urja Vikas Nigam (GUVNL) for the development of 150 MW grid connected Wind Power Projects. The Power Purchase Agreement (PPA) with GUVNL shall be executed upon obtaining the requisite approval from the Gujarat Electricity Regulatory Commission (GERC).

The above LoI has been awarded pursuant to the Company’s participation in the competitive bidding process initiated by GUVNL. This was followed by a reverse e-auction held on April 22, 2025. The tender was for the development of 250 MW Grid Connected Wind Power Projects, with Greenshoe option of additional capacity up to 250 MW. The Company emerged as the successful bidder in the tender, securing a capacity allocation of 150 MW under the project.

This order is closely aligned with company’s strategic vision and its ambitious target of achieving 10 GW capacity by 2030. 

KPI Green Energy (formerly known as K.P.I. Global Infrastructure) is a solar power generating company focused on providing solar power, both as an Independent Power Producer (IPP) under the brand name of ‘Solarism’ and as service provider to Captive Power Producer (CPP) customers.

KPI Green Energy Share Price

417.55 6.55 (1.59%)
13-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
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Rail Vikas Nigam 272.00
NCC 151.85
KEC International 563.95
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