Development of Solar Power Project Under DREBP Framework in Gujarat.
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EPIC Energy's wholly owned subsidiary Epic Renewable Projects Pvt Ltd (ERPPL) has received regulatory approvals and a Letter of Award from Paschim Gujarat Vij Company Ltd (PGVCL) to set up a 2.70 MWh solar power project in Gujarat under the Distributed Renewable Energy Bilateral Procurement (DREBP) framework. The project will sell power to the local DISCOM and has secured grid connectivity approval at the GETCO 66 kV Kera Substation, subject to execution of a Power Purchase Agreement. The project is expected to be commissioned within 3 to 6 months from the date of PPA execution. The SPV will fund the project through a mix of equity and debt, with the financing structure still being finalised.
This is a small-scale expansion into renewable energy that gives EPIC Energy a foothold in Gujarat's solar segment, but actual revenue contribution is 3-6 months away and depends on PPA signing. For retail investors, this is a modest, forward-looking development with limited immediate impact on financials given the small project size.