KPI Green inks pact with Uttarakhand govt for solar power project; Stock up 5%

KPI Green Energy Limited has informed to the exchanges regarding signing of MoU with Government of Uttarakhand to set up 500 MW Solar Power Projects under Captive Power Producer (‘CPP’) Segment.

According to the regulatory filing, KPI Green Energy along with Advait Infratech Limited signed a Memorandum of Understanding with the Government of Uttarakhand for development of 500 MW solar park on Captive Power Producer basis and in line with State Government’s Renewable Policy to empower the state with green and sustainable energy, the company said.

In line with MoU, the Government of Uttarakhand intent to provide further assistance to the parties for commencement of the project during the period of this MOU.

“The signing of this MOU signifies our joint commitment in the field of renewable energy sector and our dedication to a sustainable and clean energy future. We look forward to working closely with the Government of Uttarakhand to bring this project to fruition”, KPI Green Energy said in a statement.

On Friday at around 10:27 AM, KPI Green Energy was trading at ₹867.75 per share higher by 4.86% on the BSE.