BSECompany Update6d ago · 3 Nov 2026, 12:01 pm
KPI Green Energy Limited has informed the exchange regarding successful execution of a Power Purchase Agreement (PPA) with SJVN Limited for a 300 MW Inter-State Transmission System (ISTS)-connected Wind Power Project. The disclosure is attached herewith.
KPI Green Energy Ltd · 542323
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KPI Green Energy Ltd has executed a Power Purchase Agreement (PPA) with SJVN Limited for a 300 MW Inter-State Transmission System (ISTS)-connected Wind Power Project at a fixed tariff of ₹3.64 per unit for 25 years.
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KPI Green Energy Ltd - 542323 - Execution Of Power Purchase Agreement (PPA) With SJVN Limited For 300 MW ISTS-Connected Wind Power Project
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KPI/MAT/NOV/2026/851 Date: November 03, 2026
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers, Exchange Plaza,
Dalal Street, Bandra Kurla Complex,
Mumbai - 400 001 Bandra (E), Mumbai - 400051
Scrip Code: 542323 Symbol: KPIGREEN
Sub: Execution of Power Purchase Agreement (PPA) with SJVN Limited for 300 MW ISTS-
Connected Wind Power Project
Dear Sir/Madam,
Pursuant to Regulation 30 read with Para B of Part A of Schedule III of the SEBI (Listing Obligations
and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), we are pleased to
inform you that KPI Green Energy Limited (“Company”) has successfully executed a Power
Purchase Agreement (PPA) with SJVN Limited for a 300 MW Inter-State Transmission System
(ISTS)-connected Wind Power Project.
The project, secured through a competitive bidding process, will operate under a long-term
PPA at a fixed tariff of ₹3.64 per unit for 25 years, with power supply to commence within 24
months from the effective date of the PPA.
This PPA marks a significant milestone in the Company’s wind energy journey. The long-term
fixed tariff provides predictable and stable cash flows, while the project meaningfully
strengthens the Company’s utility-scale wind portfolio and adds strong momentum to the
Group’s KP 3.0 roadmap, under which the Company is set to build 10 GW of owned IPP capacity
by FY32.
The details as required under Regulation 30 of the SEBI Listing Regulations read with SEBI Master
Circular dated January 30, 2026, are enclosed herewith as Annexure-A.
This is for your information and records.
Thanking you,
Yours Faithfully,
For KPI Green Energy Limited
Moh. Sohil Yusuf Dabhoya
Whole Time Director
DIN: 07112947
Annexure-A
Details under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 read along with SEBI Master circular HO/49/14/14(7)2025-CFD-
POD2/I/3762/2026 dated January 30, 2026
Sl. No. Particulars Details
a. Name of the entity awarding the SJVN Limited
order(s)/contract(s)
b. Significant terms and conditions of KPI Green Energy Limited has executed a
order(s)/contract(s) awarded in brief Power Purchase Agreement (PPA) with
SJVN Limited for a 300 MW Inter-State
Transmission System (ISTS)-connected
Wind Power Project at a fixed tariff of ₹3.64
per unit for a period of 25 years, under
SJVN’s 600 MW ISTS-connected Wind
Power Projects (WIND-3).
c. Whether order(s)/contract(s) have Domestic
been awarded by
domestic/international entity
d. Nature of order(s)/contract(s) Power Purchase Agreement
e. Whether domestic or international Domestic
f. Time period by which the Commencement of power supply – within
order(s)/contract(s) is to be executed 24 months from the Effective Date of the
PPA tenure – 25 years
g. Broad consideration or size of the Size of the project – 300 MW Contracted
order(s)/contract(s) Capacity, at a fixed tariff of ₹3.64 per unit
for 25 years
h. Whether the promoter/promoter No
group/group companies have any
interest in the entity that awarded the
order(s)/contract(s)? If yes, nature of
interest and details thereof
i. Whether the order(s)/contract(s) No
would fall within related party
transactions? If yes, whether the same
is done at “arm’s length”