KPI Green Energy Secures Landmark 142 MW (DC) / 110 MW (AC) Floating Solar EPC Contract from GSECL

KPI Green Energy Limited has received a Work Order from Gujarat State Electricity Corporation Limited (GSECL) for the engineering, procurement and construction (EPC) of a 142 MW (DC) / 110 MW (AC) floating solar photovoltaic (FSPV) project at the reservoir of the Kadana Dam in Mahisagar district, Gujarat.

This marks a landmark contract for KPI Green Energy and underscores the Company's growing leadership in large-scale renewable energy infrastructure. The floating solar project represents a strategic diversification for the company - combining solar power generation with innovative floating PV technology -and positions KPI Green Energy as a premier EPC solutions provider across ground-mounted, rooftop, and now floating solar segments.

Project Scope & Significance

- The project involves full turnkey scope - design, engineering, procurement, construction, and installation of the floating PV system, along with grid-connection infrastructure, including a 33 kV underground transmission line to the pooling station, and 33/220 kV bays at the Kadana substation.

- A comprehensive 10-year operation & maintenance (O&M) contract is included.

- The project is slated for completion within the period of 18 months.

Strategic Importance for KPI Green Energy & KP Group

"Winning the 110 MW floating solar EPC contract from GSECL is a major milestone for KPI Green Energy and the KP Group, It expands our portfolio into next-gen floating solar technology, reinforces our full-service EPC credentials, and underscores our commitment to driving India's energy transition. We look forward to executing this project safely, on time, and to the highest quality standards." - Dr. Faruk G. Patel, Chairman and Managing Director, KP Group.

Source : Equity Bulls

Keywords

KPIGreenEnergy OrderWin GSECL