K.P. Energy Secures 99 MW Wind Project from Inox Renewable
Filing Summary
K.P. Energy Limited has received a Letter of Award from Inox Renewable Solutions Limited for the turnkey development of a 99 MW wind power project in Bhuj, Gujarat. The project involves the installation of Inox wind turbine generators with a capacity of 3 MW each. K.P. Energy will handle engineering, procurement, construction, erection, testing, and commissioning. The project is domestic, and no related party transactions are involved. The terms align with NTPC’s specifications for the 99 MW Phase-II project.
K.P. Energy Limited has informed the exchange about receiving a Letter of Award from Inox Renewable Solutions Limited for the turnkey development of a 99 MW wind power project located in Bhuj, Gujarat. The announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The scope of the project includes the installation of wind turbine generators (WTG) manufactured by Inox, specifically the INOX DF/3000/145 model with a capacity of 3.0 MW and a hub height of 122.5 meters. K.P. Energy will undertake the complete execution of the project, covering engineering, procurement, construction, erection, testing, and commissioning of the balance of plant works. Additionally, the company will be responsible for obtaining all necessary statutory approvals and permits required for the project.
The terms and conditions of the contract are aligned with the technical specifications set by NTPC for the 99 MW Phase-II project. The project is classified as a domestic order, and the execution timeline will follow the schedules stipulated in the Letter of Award. The aggregate order size is defined by the 99 MW capacity, comprising Inox make WTGs with a rated capacity of 3 MW each.
There is no interest from the promoter or promoter group of K.P. Energy in Inox Renewable Solutions Limited, and the transaction does not fall within related party transactions. The order is a domestic contract awarded by a domestic entity.
Inox Renewable Solutions Limited is involved in the renewable energy sector, focusing on the development and operation of wind power projects. The company is known for its expertise in providing comprehensive solutions for wind energy projects.
K.P. Energy Limited specializes in the development of renewable energy projects, with a focus on wind power. The company is engaged in providing end-to-end solutions for wind energy projects, including project development, execution, and management.