In a significant boost, KP Energy experienced a notable surge of over 4.5 percent in its share price on October 12, following the announcement of a new collaboration with Aditya Birla Renewable Energy Limited. The joint venture entails the development of a 23.1 MW wind capacity, which is part of a larger wind-solar hybrid power project. This initiative, combining 23.1 MW of wind energy with 11 MW of solar power, will be seamlessly integrated into the existing 140 MW power evacuation facility at Fulsar PSS.
Central to the project are Suzlon-made wind-operated electricity generators, specifically model S120, each boasting a rated capacity of 2100 kW. KP Energy has undertaken the responsibility for a comprehensive array of services, encompassing engineering, procurement, construction, and commissioning (EPCC) for the entire venture.
The completion timeline for this innovative project is set for 2024-25, marking a significant step forward in both organizations’ commitment to renewable energy solutions. This collaboration underscores KP Energy’s expertise in the renewable energy sector and its dedication to pioneering environmentally sustainable power initiatives.
At the time of reporting the shares of the company were trading 4.43% up at ₹597
