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K.P. Energy - Evergreen consortium bags 30 MW wind power project

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Capital Market

Under GUVNL 50 MW tender

K.P. Energy announced that the Company participated as a lead bidder along with consortium partner a foreign Independent Power Producer (IPP) Evergreen Power Mauritius, in competitive bidding process held on 21 December 2017 under Gujarat 500 MW GUVNL wind tender. The consortium has won 30 MW wind power project to be set up in state of Gujarat at the discovered tariff rate of Rs 2.43 / kWh, lowest rate so far. The present readiness of K P Energy Mahuva - II site will enable project completion much ahead of bid deadline of 18 months.

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First Published: Dec 22 2017 | 2:39 PM IST

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