KP Energy has tied up with CLP India, one of the largest foreign investors in the Indian power sector to develop a 250.8 MW wind project at Dwarka in Gujarat. The project was floated by the Solar Energy Corporation of India Limited (SECI) under Tranche-VIII.
The project is expected to be connected with interstate transmission system (ISTS) network substation at Jam Khambhaliya, Gujarat.
In June 2019, a Memorandum of Understanding (MoU) was signed between the two companies under which it was agreed upon that CLP India would offer sites to develop capacities in the range of 50-300 MW. Based on the MoU, KP Energy offered the Sidhpur site to CLP India for its evaluation.
A pre-bid collaboration and development agreement was signed between KP Energy and CLP India for a wind site of approximately 300 MW capacity for SECI.
According to the Bombay Stock Exchange (BSE) filing by KP Energy, “This is the first instance where KP Energy has tied up directly with an independent power producer for wind farm development. Previously, such arrangements were done through OEMs (original equipment manufacturers).”
This is an Agency News-Feed; edited by Clean-Future Team