K.P. Energy Secures 100 MW Wind Power Project from SECI
Filing Summary
K.P. Energy Ltd has received a Letter of Award from the Solar Energy Corporation of India Limited (SECI) for a 100 MW ISTS-connected wind power project. This project, under the Independent Power Producer (IPP) segment, will be located in Gujarat. The award follows a tariff-based competitive bidding process. The project is expected to commence power supply within 24 months from the effective date of the Power Purchase Agreement. The discovered tariff for this project is ₹3.67 per kWh. This development will increase K.P. Energy’s IPP portfolio to approximately 150 MW.
K.P. Energy Ltd has announced the receipt of a Letter of Award from the Solar Energy Corporation of India Limited (SECI) for the development of a 100 MW ISTS-connected wind power project. This project falls under the Independent Power Producer (IPP) segment and will be situated in the state of Gujarat. The award was granted following a tariff-based competitive bidding process conducted by SECI under Tranche XIX.
The project is expected to commence the supply of power from its full capacity within 24 months from the effective date of the Power Purchase Agreement (PPA). The discovered tariff for this project is ₹3.67 per kWh. Upon execution of the PPA and development of this project, K.P. Energy’s IPP portfolio will increase to approximately 150 MW.
The Letter of Award represents a domestic order, with no related party transactions involved. The company has confirmed that neither the promoter group nor group companies have any interest in SECI, the entity awarding the contract.
Solar Energy Corporation of India Limited (SECI) is a central public sector undertaking under the Ministry of New and Renewable Energy. It is responsible for implementing various renewable energy schemes and projects, including solar and wind energy, across India.
K.P. Energy Ltd focuses on developing and executing utility-scale wind power projects. The company aims to expand its IPP portfolio while continuing to engage in Engineering, Procurement, and Construction (EPC) contracts. This strategic approach aligns with its goal to enhance its presence in the renewable energy sector.