5 days ago
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.
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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
