KPI Green Energy Limited has successfully executed a Power Purchase Agreement (PPA) with SJVN Limited for a 300 MW Inter-State Transmission System (ISTS)-connected Wind Power Project. The project, secured through competitive bidding, will operate under a long-term PPA at a fixed tariff of ₹3.64 per unit for 25 years. Power supply is expected to commence within 24 months from the PPA’s effective date, marking a significant milestone for the company’s wind energy expansion.
KPI Green Energy Secures Major Wind Power Agreement
KPI Green Energy Limited announced today the execution of a significant Power Purchase Agreement (PPA) with SJVN Limited. This agreement is for a 300 MW Inter-State Transmission System (ISTS)-connected Wind Power Project. The project was secured via a competitive bidding process, underscoring KPI Green Energy’s success in winning key renewable energy mandates.
Key Terms and Project Details
Under the terms of the PPA, the project will operate on a long-term basis with a fixed tariff of ₹3.64 per unit, extending for a period of 25 years. Power supply is slated to commence within 24 months from the effective date of the PPA. This long-term, fixed tariff structure is expected to provide predictable and stable cash flows for KPI Green Energy.
Strategic Importance and Future Outlook
The execution of this PPA represents a substantial milestone in KPI Green Energy’s ongoing development in the wind energy sector. It significantly bolsters the company’s utility-scale wind portfolio and aligns with the Group’s strategic roadmap, known as KP 3.0, which targets the development of 10 GW of owned IPP capacity by FY32. The project’s scale and long-term commitment contribute positively to the company’s growth trajectory and market position.
Source: BSE
