K.P. Energy Limited Secures 100 MW Wind Power Project Agreement with GUVNL
K.P. Energy Limited has executed a significant Power Purchase Agreement (PPA) with Gujarat Urja Vikas Nigam Limited (GUVNL). The agreement pertains to the development of a Grid Connected Wind Power Project under the company's Independent Power Producer (IPP) segment, carrying a contracted capacity of 100 MW.The PPA was finalized following a process initiated by GUVNL through its Wind Tender Phase X and subsequent approval from the Gujarat Electricity Regulatory Commission (GERC) concerning the tariff and the PPA structure.
This contract represents a major operational step for K.P. Energy Limited, as the project moves the company's cumulative IPP portfolio past 250 MW. The deal reinforces KPEL’s standing as a long-term partner to India's leading power utilities in the ongoing development of renewable energy infrastructure nationally.
The agreement details include the following key terms:
| Particular | Detail |
|---|---|
| Counterparty | Gujarat Urja Vikas Nigam Limited (GUVNL) |
| Nature of Contract | Power Purchase Agreement (PPA) for a Grid Connected Wind Power Project |
| Capacity and Tariff | 100 MW at an approved tariff of ₹3.435/- per unit |
| Contract Duration | The PPA spans 25 years |
| Supply Commencement | The Scheduled Commencement of Supply Date is July 30, 2028, which is 24 months from the date of execution. |
The contract was established under the framework of GUVNL's competitive bidding process. KPEL has confirmed that there is no interest held by the promoter or the promoter group in GUVNL regarding this transaction, and the project does not fall within related party transactions.
KPEL Stock Price Movement
On Friday, shares of K.P. Energy Limited edged higher, settling at ₹306.95 after gaining 0.34%. The stock traded in a range between ₹304.55 and ₹310.10, with a total volume of 95,838 shares recorded during the session.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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