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KPI Green Energy has secured a Rs 696.50 crore contract with SJVN Ltd to develop a 200 MW (AC) solar project at Gujarat's GIPCL Renewable Energy Park. The company will supply all equipment, handle construction, installation, civil works, and manage testing, commissioning, and operational acceptance. KPI Green will also provide O&M support for three years post-commercial operation. The project is structured under three contracts: Supply, EPC, and O&M highlighting KPI Green's turnkey responsibility and strengthening its position as a key renewable energy EPC player.
KPI Green Energy has signed a contract with state-owned SJVN Ltd to develop a 200 MW (AC) solar power project at the GIPCL Renewable Energy Park in Khavda, Gujarat, in a deal worth INR 696.50 crore, excluding GST. This marks a significant step in the company's growing portfolio of utility-scale renewable energy projects, reinforcing its position as a reliable EPC partner for large-scale solar ventures. Advertisement
Under the agreements, KPI Green Energy will supply all plant and equipment for the project as per approved specifications and quality standards. The company will also handle the complete erection, installation, and construction, including all civil, architectural, and structural work at the site. Additional responsibilities include unloading, handling, storage, insurance coverage, testing, commissioning, and performance demonstration to meet operational acceptance criteria.
KPI Green will also manage comprehensive Operation & Maintenance (O&M) for three years after the project's commercial operation date, covering O&M spares and consumables. The project execution is structured through three contracts Supply, EPC, and O&M giving KPI Green full turnkey responsibility during construction and the initial operational phase.
Faruk G Patel, Chairman and Managing Director of KPI Green, noted that formalizing this agreement with a prominent Government of India enterprise highlights the company's credibility and proven capability in delivering large-scale renewable energy projects. SJVN Limited, a joint venture of the Government of India and the Government of Himachal Pradesh, has expanded from hydropower into solar, wind, and other renewable energy projects across India.
Founded in 1994 by Faruk G Patel, the KP Group has developed into a diversified conglomerate with core expertise in renewable energy, infrastructure, and innovation.
Source PTI
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