KPI Green Energy has executed a 25-year power purchase agreement (PPA) with SJVN for a 300 MW wind power project connected to the Inter-State Transmission System (ISTS). The project was secured through competitive bidding at a fixed tariff of Rs 3.64 per unit.
The company said the long-term fixed tariff will provide predictable, stable cash flows. The agreement strengthens its utility-scale wind portfolio and supports its plan to build 10 GW of owned capacity by FY32.
KPI Green Energy shares rose 0.59% following the news.