KPI Green Energy has executed a Power Purchase Agreement (PPA) with Gujarat Urja Vikas Nigam (GUVNL) for a 150 MW grid-connected wind power project in Gujarat. This follows the Letter of Intent (LoI) issued on July 14, 2025, under GUVNL’s competitive bidding process and subsequent approval from the Gujarat Electricity Regulatory Commission (GERC) for the tariff and PPA.
The project, scheduled to commence power supply on November 3, 2027, will operate under a long-term PPA with a fixed tariff of Rs 3.64 per unit for 25 years. This agreement reinforces KPI Green’s proven execution capabilities in utility-scale renewable energy and further strengthens its growing presence in the wind power segment.
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. The company is a part of KP Group.
| Company Name | CMP |
|---|---|
| Larsen & Toubro | 3953.90 |
| Rail Vikas Nigam | 272.00 |
| NCC | 151.85 |
| KEC International | 563.95 |
| Kalpataru Projects | 1171.40 |
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