Latest news with #PowerProducers
Business Standard
3 days ago
- Business
- Business Standard
KPI Green gains on securing LoI from GUVNL for 150 MW wind power project
KPI Green Energy added 3.31% to Rs 544.95 after the company has received the letter of intent (LoI) from Gujarat Urja Vikas Nigam (GUVNL) for the development of 150 MW gridconnected wind power projects. The power purchase agreement (PPA) with GUVNL shall be executed upon obtaining the requisite approval from the Gujarat Electricity Regulatory Commission (GERC). The company will execute the project in accordance with the terms and conditions outlined in RFS No. GUVNL/250 MW/Wind (Phase IX), issued by GUVNL on 18 January 2025, it added. The company confirmed that none of the promoter, promoter group, or group companies has any interest in the entity that awarded the order. It further stated that the order does not fall under related party transactions. KPI Green Energy develops, builds, owns, operates, and maintains solar and hybrid power plants as an Independent Power Producer (IPP) and as a service provider to Captive Power Producers (CPP) under the brand name of 'Solarism.'
Business Standard
07-05-2025
- Business
- Business Standard
Cabinet approves Revised SHAKTI Policy for Coal Allocation to Power Sector
The Cabinet Committee on Economic Affairs has approved grant of fresh coal linkages to Thermal Power Plants of Central Sector/State Sector/ Independent Power Producers (IPPs). Two windows have been proposed under the Revised SHAKTI policy: Coal Linkage to Central Gencos/States at Notified price: WindowI and Coal Linkage to all Gencos at a Premium above Notified price: Window II. With the introduction of Revised SHAKTI Policy, existing eight paras, for coal allocation, have been mapped to only two Windows, in the spirit of ease of doing Business. Window-I (coal linkage at notified price) and Window-II (coal linkage at premium above notified price). Revised SHAKTI Policy shall enable the Power Plants to plan for meeting their coal requirement depending upon their demand for Long-Term / Short Term.
