KPI Green Energy Limited has announced that its subsidiary, M/s Sun Drops Energia Private Limited, has received Letters of Award/Intent for developing solar power projects with a cumulative capacity of 36.87 MW. The projects fall under the company’s Captive Power Producer (CPP) business segment.
Some of these projects will be executed under the Distributed Renewable Energy Bilateral Purchase (DREBP) Policy, as detailed in the Gujarat Renewable Energy Policy-2023 and governed by GERC Tariff Order Nos. 5 & 6 of 2024.
The orders have been awarded by various domestic clients, and the projects are scheduled for phased execution during the financial year 2025–26, in accordance with the specific terms of each order.
The company clarified that the promoters and group companies have no interest in the awarding entities, and the transactions do not fall under related party deals.