Latest news with #PPA
Time of India
14 hours ago
- Business
- Time of India
KPI Green Energy to develop 150 MW wind power projects in Gujarat
KPI Green Energy Ltd , the solar and hybrid energy arm of the KP Group, has secured a Letter of Intent (LoI) from Gujarat Urja Vikas Nigam Limited (GUVNL) to develop 150 megawatts (MW) of wind power projects in Gujarat . The LoI was awarded following KPI Green Energy 's successful participation in a competitive bidding process initiated by GUVNL, specifically under its 'Wind Phase IX' tender. The company emerged as a successful bidder in a reverse e-auction held on April 22, 2025. While the LoI is a crucial step, the formal Power Purchase Agreement (PPA) with GUVNL will be executed only after obtaining the necessary approvals from the Gujarat Electricity Regulatory Commission (GERC). GERC is the state regulatory body responsible for overseeing the electricity sector in Gujarat, including the approval of power purchase agreements to safeguard consumer interests and ensure a stable energy supply. The company aims to scale its overall renewable energy capacity to 10 GW by 2030, and this 150 MW wind power project represents a key step towards achieving that ambitious target.
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Business Standard
20 hours ago
- Business
- Business Standard
KPI Green Energy shares jump 5% in trade; what's driving investor interest?
KPI Green Energy shares advanced 4.7 per cent on Tuesday, registering an intraday high at ₹552.55 per share. At 11:31 AM, KPI Green Energy share price was trading higher by 2.13 per cent at ₹732 per share on the BSE. In comparison, the BSE Sensex was up 0.49 per cent at 82,654.58. The company's market capitalisation stood at ₹10,715.62 crore. The 52-week high of the stock was at ₹744.37 per share and the 52-week low of the stock was at ₹312.95 per share. FOLLOW STOCK MARKET LATEST UPDATES LIVE Why were KPI Green shares buzzing in trade? The northward movement in the stock came after the company received a letter of intent (LoI) from Gujarat Urja Vikas Nigam Limited (GUVNL). The order is to develop 150 MW grid connected Wind Power Projects. "We are pleased to inform you that KPI Green Energy Limited has received the Letter of Intent (LOI) bearing reference no. GUVNL/RE/Wind/1034 dated July 14, 2025, from Gujarat Urja Vikas Nigam Limited (GUVNL) for the development of 150 MW grid connected Wind Power Projects," the filing read. A Power Purchase Agreement (PPA) with GUVNL shall be executed upon obtaining the requisite approval from the Gujarat Electricity Regulatory Commission (GERC), according to the filing. The LoI was received after the company participated in the competitive bidding process initiated by GUVNL under 'Procurement of power through competitive bidding process vide RfS No. GUVNL / 250 MW / Wind (Phase IX)." In another development, recently, the Ministry of Corporate Affairs approved the incorporation of a Special Purpose Vehicle (SPV) named KPIN Clean Power Four LLP. The main objective of the SPV is to generate, develop, transform, distribute, transmit, sell, and supply any kind of power or electrical energy using wind energy, solar energy, or other renewable sources of energy. KPI Green Energy contributed ₹99,000, while ₹1,000 was contributed by KPark Sunbeat Private Limited, a subsidiary of the company in the whole process. In Q4, KPI Green Energy's net profit more than doubled to ₹104.18 crore in the quarter ended March 31, 2025, as compared to ₹43.04 crore in the January-March period of the preceding 2023-24 financial year. The company increased its revenues to ₹577.80 crore in the period under review, from ₹292.96 crore in the year-ago quarter.
Business Upturn
21 hours ago
- Business
- Business Upturn
KPI Green Energy secures 150 MW Wind Power Projects from GUVNL
KPI Green Energy Limited has received a Letter of Intent (LOI) from Gujarat Urja Vikas Nigam Limited (GUVNL) for the development of a 150 MW grid-connected wind power projects. The LOI, dated July 14, 2025 (Ref No. GUVNL/RE/Wind/1034), is a result of KPI Green's successful bid in GUVNL's competitive auction under the 'RfS No. GUVNL / 250 MW / Wind (Phase IX)' floated on January 18, 2025. The reverse e-auction for this tender was conducted on April 22, 2025. Out of the total 250 MW capacity tendered—with a greenshoe option for an additional 250 MW—KPI Green emerged as the winning bidder for 150 MW. The project will be executed upon receiving approval from the Gujarat Electricity Regulatory Commission (GERC), following which a Power Purchase Agreement (PPA) will be signed with GUVNL. This order significantly supports KPI Green Energy's strategic vision of achieving 10 GW renewable energy capacity by 2030. It also reinforces the company's growing presence in India's green energy sector, showcasing its technical strength and long-term commitment to clean power. GUVNL, a domestic entity, awarded the LOI under standard terms outlined in the RfS. KPI Green has confirmed that this order does not involve any related party transactions or promoter group interests. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Recorder
a day ago
- Business
- Business Recorder
PPA condemns imposition of Rs10 FED on day-old chick
LAHORE: Vehemently condemning the government's decision to impose a federal excise duty (FED) of Rs 10 on each day-old chick, the Pakistan Poultry Association has warned that this will cripple the already struggling sector. PPA Chairman Abdul Basit while speaking on behalf of the entire poultry industry at a presser on Monday said this ill-conceived measure will cripple the already struggling sector and lead to severe difficulties for consumers seeking affordable animal protein. 'This imposition of Rs 10 FED on day-old chicks is a catastrophic decision that demonstrates a profound lack of understanding of the poultry industry's dynamics and its vital role in national food security,' stated Abdul Basit and added such a punitive tax at the very nascent stage of production will inevitably lead to a sharp increase in the cost of poultry products, which will be unaffordable for the common man. He said the poultry industry in Pakistan has been a cornerstone of economic growth and a crucial provider of affordable protein to millions. Poultry is one of the largest industry of Pakistan, growing at an annual rate of 8-10%. However, it has consistently grappled with various challenges, including high input costs, disease outbreaks, and an often-unfavourable tax regime. Chairman Abdul Basit highlighted the direct and immediate consequences of this FED; the day-old chicks will significantly escalate the cost of production. This will force a large number of poultry farmers and entrepreneurs out of business, leading to widespread closures and unemployment in the rural economy. The will increase cost of production and will directly translate into higher prices for chicken meat and eggs in the market. At a time when inflation is already a major concern for the average Pakistani household, this tax will place an unbearable burden on consumers, pushing essential protein sources out of their reach, Basit said. The poultry sector is a major check against inflation and plays a critical role in providing low-cost animal protein. By making poultry products expensive, the government is jeopardizing the nation's food security and nutritional well-being, particularly for low-income propels. Instead of supporting an industry that provides livelihoods to millions and affordable food to the masses, this tax will stifle investment, discourage expansion, and ultimately lead to a contraction of the poultry sector. 'We have consistently advocated for policies that support the growth and sustainability of the poultry industry, which in turn benefits the entire nation,' Chairman Abdul Basit added. 'Instead, this new tax is a regressive step that will undo years of progress and push the industry to the brink of collapse.' The Pakistan Poultry Association urged the government to immediately reconsider and withdraw the federal excise duty on day-old chicks. Basit emphasized the need for a collaborative approach between the government and industry stakeholders to formulate policies that are conducive to growth, ensure affordability for consumers, and safeguard the future of Pakistan's vital poultry sector. Copyright Business Recorder, 2025
RNZ News
2 days ago
- Business
- RNZ News
Electric Kiwi launches open tender to encourage renewable energy projects
Solar panels, grass and and blue sky. Photo: 123RF Small power retailer Electric Kiwi is looking to spur the development of renewable energy projects through long term power deals. It's calling on developers to tender for long-term power purchase agreements (PPAs) and potentially a battery storage tolling arrangement. Electric Kiwi will offer successful tenderers 10-to-15 year deals to buy their renewable power, guaranteeing itself a long term supply of power, while giving generators a guaranteed buyer to justify the investment in a project. "This is a significant opportunity for New Zealand's renewable developers to have their existing facility or planned project backed by a long-term commercial agreement," Electric Kiwi chief operating officer Nick Haines said. "A PPA with Electric Kiwi represents a win-win. Importantly, we get price stability and diversity of supply, while developers get long-term purchase agreements that can unlock financing and help accelerate their projects." He said the PPAs were part of the company's plant to expand its business by focusing on securing long-term, fixed-price supply from new renewable generation across New Zealand. The tender is being managed by EVA Marketplace, with expressions of interest being accepted for the next couple of weeks, and firms bids to be lodged by September. EVA founder Paul Coster said their role was to broker "high quality, enduring agreements for Electric Kiwi while ensuring a fair, competitive process for developers". Electric Kiwi has more than 80,000 customers, mostly domestic, and last year briefly suspended taking on new customers because of high wholesale electricity prices. The company has been a loud critic of the dominance of the major four gentailers - Contact, Genesis, Meridian and Mercury - and the operation of the overall electricity market. Sign up for Ngā Pitopito Kōrero , a daily newsletter curated by our editors and delivered straight to your inbox every weekday.
