GP Eco Solutions India Secures 5.00 MW Solar Power Project Through PPA with MPPMCL
GP Eco Solutions India Limited has marked a significant milestone in its renewable energy portfolio by executing a Power Purchase Agreement (PPA) with M.P. Power Management Company Limited (MPPMCL). The agreement pertains to the development and operation of a 5.00 MW solar power project located at Prithvipur/Niwari in Madhya Pradesh, India.This contract solidifies GP Eco Solutions India’s presence within the solar energy sector by securing a domestic PPA under the Surya Mitra Krishi Feeder Yojana.
The Power Purchase Agreement outlines the terms for the 5.00 MW Solar Power Project at Prithvipur/Niwari, Madhya Pradesh. The details of the transaction are as follows:
| Aspect | Details |
|---|---|
| Counterparty (Awarding Entity) | M.P. Power Management Company Limited (MPPMCL) |
| Nature of Contract | Power Purchase Agreement (PPA) for a Solar Power Project |
| Project Capacity | 5.00 MW |
| Location | Prithvipur/Niwari, Madhya Pradesh |
| Domestic Status | Domestic Entity and Transaction |
| Time Period | The project is to be executed within 12 Months from the date of execution. |
The successful execution of this PPA underscores GP Eco Solutions India Limited's capability in developing renewable energy infrastructure and strengthens its commitment to the sustainable power sector.
GPECO Stock Price Movement
GP Eco Solutions India Limited shares slipped marginally today, settling lower after the post-market trading session. The stock recorded a total traded volume of 11,600 shares during the day's activity.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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