Corporate News     04-Dec-23
K.P. Energy wins project from NTPC Renewable energy
K.P. Energy had been awarded contract(s) through the Notification of Award (NOA) for the development of a 464.10 MW Balance of System Package for an Inter-State Transmission System (ISTS) Connected Wind Energy Project to be developed in the state of Gujarat by NTPC Renewable Energy (NTPC REL) through a competitive bidding process.

NTPC Green Energy (NGEL), the holding company of NTPC REL, has collaborated with Indian Oil Corporation (IOCL) to supply Renewable Energy Round the Clock (RTC) power to meet their requirement and has formed a Joint Venture Company named IndianOil NTPC Green Energy (INGEL). Pursuant to formation of INGEL, it has been decided to allocate the contracts for Balance of System Package for 308.49 MW (Nominal Capacity) Wind Energy Project awarded by NTPC REL in Gujarat to INGEL out of the originally awarded 464.10MW capacity by NTPC REL.

Accordingly, K.P. Energy has executed novation agreement for 308.49 MW Balance of System Package for an Inter-State Transmission System (ISTS) Connected Wind Energy Project with INGEL with the same scope of works and other conditions agreed under the Contracts with NTPC REL.

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