KPI Green Energy shares gain 2% on commissioning of hybrid power project

The company has successfully commissioned 7.80 MW wind-solar hybrid power project comprising 4.20MW wind through KPI Green and 3.60MWdc solar capacity through its wholly owned subsidiary KPIG Energia Private Limited.

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KPI Green Energy share price rose 2 percent in the early trade on September 14 after the company commissioned a hybrid power project at Surat.

At 09:26 hrs KPI Green Energy was quoting at Rs 830.10, up Rs 15.45, or 1.90 percent on the BSE.

The company has successfully commissioned a 7.80 MW wind-solar hybrid power project comprising 4.20MW wind energy facilitated by KPI Green and 3.60 MWdc of solar capacity provided by its wholly owned subsidiary, KPIG Energia Private Limited. This project has been executed for M/s. Mono Steel India Limited in Surat under the ‘Captive Power Producer (CPP)’ division of the company, in compliance with the Gujarat Wind-Solar Hybrid Power Policy 2018.

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Earlier this month, the company received a new order for executing a solar power project of 9 MW capacity from M/s. Gujarat Polyfilms Pvt. Ltd. under the ‘Captive Power Producer (CPP)’ segment.

The company had received commissioning certificates from the Gujarat Energy Development Agency (GEDA) for a 4.10-MW wind-solar hybrid power project at Bharuch in Gujarat.

The power project comprises 2.10MW wind and 2MWdc solar capacity, from the company’s own power-generating asset portfolio.