New Delhi: KPI Green Energy Limited announced on Friday that its 92.15 MWp Independent Power Producer (IPP) hybrid power project, awarded by Gujarat Urja Vikas Nigam Limited (GUVNL), has commenced power generation and supply to the Gujarat state grid.
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The project was awarded under GUVNL’s competitive bidding process for hybrid renewable energy projects. KPI Green Energy said the project has achieved grid synchronisation and has begun injecting power into the grid well ahead of the scheduled completion timeline of July 2026.
The project has an aggregate contracted capacity of 92.15 MWp, comprising 16.95 MW of wind power capacity and 75.2 MWp of solar power capacity, with GUVNL as the offtaker.
With the commencement of power supply, the project is expected to start contributing to the company’s revenue on a sustained basis, in line with the long-term power purchase agreement executed with GUVNL. The long-term contracted nature of the project is expected to provide stable and predictable cash flows, the company said.
Commenting on the development, Dr Faruk G Patel, Chairman & Managing Director (CMD) of KPI Green Energy Limited, said, “The early start of power supply from this Hybrid IPP project for GUVNL demonstrates our team’s strong execution capabilities and our continued focus on timely delivery of large-scale renewable energy projects.”
“Hybrid solutions play an important role in enhancing generation reliability, and this milestone reinforces our position as a trusted renewable energy partner for state utilities,” he added.
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KPI Green Energy said the project reinforces its focus on expanding its presence across wind, solar and hybrid power segments, while supporting grid stability through complementary renewable generation sources.
The development aligns with the company’s stated strategy of building a diversified and resilient renewable energy portfolio and contributing to long-term value creation for its stakeholders.