KPI Green Energy Limited, a subsidiary of the KP Group, has announced that it has received three Letters of Award (LOAs) from SJVN Limited for the development of a 200 MW (AC) solar power project at the GIPCL Renewable Energy Park in Khavda, Gujarat. The total value of the contract is approximately ₹696.50 crore (excluding GST).
According to the company’s regulatory filing, the project scope includes Engineering, Procurement, and Construction (EPC) along with Comprehensive Operation and Maintenance (O&M) services for a period of three years from the date of commissioning.
Breakdown of the contract:
- Supply of Plant and Equipment: ₹486.89 crore (excluding GST)
- Erection, Testing, Commissioning, Civil & Structural Works: ₹178.27 crore (excluding GST)
- Comprehensive O&M for Three Years: ₹31.34 crore (excluding GST)
- Total Value: ₹696.50 crore (excluding GST)
The contract has been awarded by SJVN Limited, a Mini Ratna Category-I Public Sector Undertaking and a joint venture between the Government of India and the Government of Himachal Pradesh.
With this new order, KPI Green Energy has further expanded its footprint in the Khavda Renewable Energy Park, which is poised to become the world’s largest renewable energy installation. The company is already executing a 645 MWp solar cluster in Khavda, and with the addition of this project, the KP Group’s total solar portfolio at the site will now exceed 845 MWp (DC).
This development marks another significant milestone for KPI Green Energy as it continues to strengthen its position as one of India’s leading renewable energy EPC and IPP players, contributing to the nation’s clean energy transition.
