KPI Green Energy Ltd, part of the Gujarat-based KP Group, has secured its largest-ever order, valued at over Rs.1,300 crore.
In a release, KPI Green Energy Ltd said that it has won an EPC order worth Rs.1,311 crore from Coal India Ltd to build a 300 MWac (405 MWdc) in Gujarat. The order also entails a 5-year operations & maintenance (O&M) mandate.
“This prestigious project not only marks a significant milestone in KPI Green Energy’s growth journey but also stands as a testament to the group’s unwavering commitment to sustainable energy solutions and operational excellence. This is the biggest single order achieved so far by the entire group from Central PSU,” a release from KPI Green Energy said.
This landmark order adds another achievement to KPI Green Energy’s remarkable journey, with over 507 MW of renewable power plants successfully completed as of September 30, 2024, showcasing industry-leading efficiency.
The 300 MWAC (405 MWDC) ground mounted Solar PV project will be executed on an EPC (Engineering, Procurement, and Construction) basis and is slated for completion as per the tender timelines at GIPCL’s Solar Park, Khavda, Gujarat with O&M for 5 years for the contract price of Rs.13.11 billion, the release noted.
The project is in proximity to KP Group’s ongoing project of 240 MWdc Independent Power Producer (IPP) project for Gujarat Urja Vikas Nigam Ltd (GUVNL). KPI Green Energy is well-positioned to meet the aggressive timeline outlined in the tender document. The project aligns with the company’s vision of delivering cutting-edge, clean energy solutions that help clients achieve their sustainability goals, the release said.
Speaking on the occasion, Dr Alok Das, Group CEO, said, “We are immensely proud to have been entrusted with this monumental project, which marks a new era of growth for KPI Green Energy and KP Group as a whole. This order is a validation of our capabilities, dedication, and the trust our clients place in us. We are committed to delivering this project within the stipulated timeline while upholding our promise of innovation and sustainability.
Also read: KPI Green Energy receives its single-largest order
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