KPI Green Energy Limited has informed the Exchange regarding 'receipt of new orders for 36.87 MW Solar Power Plant under Captive Power Producer ('CPP') Segment. Disclosure is attached herewith'.
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KPI Green Energy's subsidiary, Sun Drops Energia Private Limited, has received Letters of Award/Intent for developing solar power projects with a cumulative capacity of 36.87 MW under the Captive Power Producer (CPP) business segment. Some of these projects will be developed under the Distributed Renewable Energy Bilateral Purchase (DREBP) Policy, as outlined in the Gujarat Renewable Energy Policy-2023 and GERC Tariff Orders. The orders are from domestic clients, with no related party interest involved. The projects are tentatively scheduled for completion in FY 2025-26, to be executed in multiple tranches.
This is a positive development for KPI Green Energy, adding to its order book and supporting revenue visibility for FY 2025-26. CPP orders typically provide stable, long-term cash flows, which should be viewed favorably by investors.