K.P. Energy Ltd. Receives Letter of Award for 91.4 MW Wind-Solar Hybrid Power Project
K.P. Energy Limited announced it has received a Letter of Award (LoA) from JK Paper Limited for the development of a 91.4 MW wind-solar hybrid power project in Gujarat. The project will be executed on a complete turnkey basis, encompassing engineering, procurement, installation, and commissioning, as well as the development of evacuation infrastructure, grid connectivity, statutory and regulatory clearances, and operation & maintenance services.According to the LoA, the project will involve the BoP of the wind capacity and the complete installed capacity of the solar project. The award underscores K.P. Energy’s capabilities in integrated wind-solar hybrid projects and is expected to enhance its execution visibility.
Details of the award are as follows:
| Sr. No. | Particulars | Details |
|---|---|---|
| 1 | Name of the entity awarding the order(s)/contract(s); | JK Paper Limited |
| 2 | Significant terms and conditions of order(s)/contract(s) awarded in brief; | LoA for development of wind-solar hybrid power project on complete turnkey basis, encompassing supply, installation and commissioning of the project, development of evacuation infrastructure, facilitation of grid connectivity, obtaining requisite statutory and regulatory approvals, and operation & maintenance for BoP of the wind capacity and the complete installed capacity of the solar project. |
| 3 | Whether order(s)/contract(s) have been awarded by domestic / international entity; | Domestic Entity |
| 4 | Nature of order(s)/contract(s); | Letter of Award (LoA) |
| 5 | Time period by which the order(s)/ contract(s) is to be executed; | As per the timeline stipulated under the Letter of Award |
| 6 | Broad consideration or size of the order(s)/contract(s) | The aggregate order size 91.4 MW Wind-Solar Hybrid Power Project in Gujarat. |
| 7 | whether the promoter/ promoter group / group companies have any interest in the entity that awarded the order(s)/ contract(s)? If yes, nature of interest and details thereof; | No |
| 8 | whether the order(s)/contract(s) would fall within related party transactions? If yes, whether the same is done at 'arm's length' | No |
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