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Private Sector | Gujarat - India | PID: 203543
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KPI Green Energy has successfully signed power purchase agreements (PPAs) with Gujarat Urja Vikas Nigam (GUVNL) for 620 MWAC (917 MWDC) renewable energy (RE) projects.
The agreement includes 250 MWAC (275 MWDC) grid connected solar photovoltaic power project won through competitive bidding process under Phase-XXIV dated 15 March, 2024 issued by GUVNL. The project is aimed at procurement of power from 500 MW grid connected PV power projects located at anywhere in India, with greenshoe option of additional capacity upto 500 MW without energy storage.
KPI Green also secured 370 MWAC (642 MWDC) grid-connected hybrid RE power project won through competitive bidding process for Phase-II dated 14 February, 2024 issued by GUVNL for procurement of power through competitive bidding process, followed by reverse e-auction from 500 MW Hybrid RE project, along with a greenshoe option of additional capacity upto 500 MW.
| Updated on: 21 - Oct - 2024
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