KPI Green Energy inks pact to supply power from 50MW hybrid project 
Corporate Watch

KPI Green Energy inks pact to supply power from 50MW hybrid project

KPI Green Energy on Friday said it has inked a pact to supply power from a 50MW solar-wind hybrid project with Gujarat Urja Vikas Nigam

PTI

New Delhi: KPI Green Energy on Friday said it has inked a pact to supply power from a 50MW solar-wind hybrid project with Gujarat Urja Vikas Nigam.

This project, comprising 50 MW solar and 16.80 MW wind, was awarded through a competitive bidding process on November 1, 2023, and secured through a reverse e-auction on January 22, 2024, according to a filing.

KPI Green Energy Ltd has successfully signed a Power Purchase Agreement (PPA) for a 50MW solar-wind hybrid power project with Gujarat Urja Vikas Nigam Ltd (GUVNL).

This achievement bolsters and speeds up the efforts to reach the company's goal of 1,000 MWp capacity by 2025, it stated.

(PSU Watch Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. You may follow us on Google News. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

Also Read

IIFCL in talks with ADB, Korean Exim Bank to raise $600 million

Govt notifies telecom cyber security rules; sets timelines for telcos to report security incidents

Govt invites job applications for PNGRB's Member post

Power Minister visits NHPC’s Nimoo Bazgo Power Station in Ladakh

Delegates from 18 countries attend RBI's policy conference of Global South central banks