KPEL Executes 100 MW Wind Project PPA with GUVNL, Portfolio Crosses 250 MW
K.P. Energy Limited executed a 100 MW Wind Project PPA with GUVNL. The PPA was signed pursuant to GUVNL's Wind Tender Phase X. Supply is scheduled to commence by July 30, 2028, under a 25-year contract at ₹3.435/unit. This elevates KPEL's IPP portfolio beyond 250 MW.
The PPA signifies a substantial new order, contributing to the company's growth in the renewable energy sector and increasing its operational capacity by 100 MW, which is expected to have a significant impact on its future revenues and market standing.
The execution of a significant Power Purchase Agreement for a 100 MW wind project with a state utility like GUVNL is a positive development, expanding the company's renewable energy portfolio and reinforcing its market position.
K.P. Energy Limited (KPEL) has announced the execution of a Power Purchase Agreement (PPA) with Gujarat Urja Vikas Nigam Limited (GUVNL) for the development of a 100 MW Grid Connected Wind Power Project. This agreement is a significant milestone for the company, bolstering its position in the renewable energy sector.
The PPA was executed following a Letter of Intent dated March 30, 2026, issued by GUVNL under their Wind Tender Phase X, which was subsequently approved by the Gujarat Electricity Regulatory Commission (GERC) for tariff and PPA terms. This project contributes to KPEL's cumulative Independent Power Producer (IPP) portfolio, which now exceeds 250 MW.
The PPA outlines a contracted capacity of 100 MW, with a scheduled commencement of supply date of July 30, 2028, which is 24 months from the execution date of the PPA. The project will operate under an approved tariff of ₹3.435 per unit for a period of 25 years. The company confirmed that neither the promoter, promoter group, nor group companies have any interest in GUVNL, and the contract does not fall under related party transactions, being conducted at an arm's length.
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K.P. Energy Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by K.P. Energy Limited. Read the original for the full detail.