According to the company, one of India’s leading solar panel manufacturing companies has given a new order for the execution of engineering, procurement, construction, and commissioning (EPCC) of a solar power project with a capacity of 33 MW under the company’s ‘Captive Power Producer (CPP)’ segment, as well as 25 years of operation and maintenance and a land lease agreement.
The order is carried out by KPIG Energia, the company’s wholly owned subsidiary. According to the terms of the order, the project is expected to be completed in various tranches by 2023.
“We are pleased to state that this is the Company’s largest single order. This will strengthen and accelerate our progress toward our ambitious goal of reaching 1000 MW capacity by 2025 ,”the company said.
KPI Green Energy (formerly known as K.P.I. Global Infrastructure) generates and sells solar power in India under the ‘Solarism’ brand name. It develops, builds, owns, operates, and maintains solar power plants as an independent and captive power producer.