KPI Green Energy Limited Signs ₹696 Cr EPC & O&M Contract with SJVN for 200 MW (AC) Solar Power Project at Khavda, Gujarat

KPI Green Energy Limited ("KPI Green" or "the Company") is pleased to announce that it has signed the contract agreements with SJVN Limited, a Government of India Enterprise, for the execution of a 200 MW (AC) Solar Power Project at the GIPCL Renewable Energy Park, Khavda, Gujarat. This development represents a major advancement in KPI Green's expanding portfolio of utility-scale renewable energy projects.

The contract, aggregating to ₹696.50 crore (excluding GST), reinforces KPI Green's position as a credible and trusted EPC partner for large-scale renewable projects. This achievement further strengthens the Company's presence in the solar EPC space and reflects the growing confidence of premier government entities in KPI Green's execution capabilities.

Project Scope & Key Highlights

Under the executed agreements, KPI Green will undertake:

- Supply of all plant and equipment required for the 200 MW (AC) solar project, in accordance with approved specifications and quality assurance plans

- Erection, installation, and construction activities, covering all civil, architectural, and structural works at the project site

- Unloading, handling, storage, and insurance coverage of plant and equipment supplied under the contracts

- Testing, commissioning, and performance demonstration, including operational acceptance as per contractual requirements

- Comprehensive Operation & Maintenance (O&M) of the project for three years postCOD, including O&M spares and consumables

The project is being executed through three separate contracts-the Supply Contract, EPC Contract, and O&M Contract-which collectively establish a strong turnkey responsibility for KPI Green during the construction and initial operational phase.

Strengthening Presence in Khavda Renewable Energy Park

The Khavda Renewable Energy Park, poised to become the world's largest renewable energy installation, is a high-priority clean-energy development zone in India. With this project, KPI Green further expands its footprint in Khavda to over 845 MWp (DC), enhancing its position as an emerging key EPC service provider in one of India's most strategically important renewable corridors.

Reflecting on this development, Dr. Faruk G. Patel, Chairman and Managing Director, said: "We are delighted to execute the contract with SJVN for the 200 MW project at Khavda. Securing and now formally entering into this agreement with a leading Government of India enterprise underscores KPI Green's credibility and proven ability to deliver large-scale renewable energy projects. We are fully committed to delivering the project within the stipulated timelines and to the high quality standards that define our approach."

Source : Equity Bulls

Keywords

KPIGreenEnergy EPC OandM OrderWin SJVN