KPI Green Bags ₹696.5 Cr SJVN Order for 200 MW Khavda Solar Project

Gujarat-based KPI Green Energy recently secured three Letters of Award (LOAs) from SJVN in Khavda, Gujarat, cumulatively valued at ₹696.50 crore. In a regulatory filing, KPI Green detailed under the order it will execute a 200 MW (AC) solar project at the GIPCL Renewable Energy Park in Khavda.

The projects cover a full-scope EPC package, followed by a long-term Operation & Maintenance (O&M) contract. Under this order KPI Green’s first contract involves undertaking an order for the supply of all plant and equipment at the site for ₹486.89 crore.

Under the second contract covers erection, testing, commissioning, and civil & structural works for a ₹178.27 crore project. Additionally, the company secured a third order for O&M valued at ₹31.34 crore, which will commence three years after the Commercial Operation Date (COD).

KPI Green said the latest award strengthens its presence in the Khavda Renewable Energy Park, where it is already executing a 645 MWp solar cluster. With the addition of this 200 MW (AC) project, the KP Group’s total portfolio in Khavda will exceed 845 MWp (DC), solidifying its position as a leading developer and EPC provider in this strategic energy hub.

The award covers the entire project lifecycle—from equipment supply and construction to long-term O&M—highlighting KPI Green’s integrated “Development to Long-Term Service” business model, which ensures recurring revenue streams.