KPI Green Energy Commissions 25 MW Solar Project for Greenlab Diamonds
- The new solar power project belongs to its captive power manufacturer (CPP) segment.
- KPI Green Energy also revealed the appointment of Salim Suleman Yahoo as the new Chief Financial Officer (CFO).
Surat-headquartered KPI Green Energy has actually introduced that it has actually commissioned a 25 MW solar energy project for Greenlab Diamonds in Surat. It held that the new solar power project is part of its captive power manufacturer (CPP) segment.
KPI Green Energy has actually shared this info with stock market. In a various stock market filing, KPI Green Energy also revealed the appointment of Salim Suleman Yahoo as the new Chief Financial Officer (CFO).
Yahoo was designated to the claimed position after an authorization from the board in its meeting on Thursday. Yahoo has actually taken control of after the resignation of Shabana Bajari from the position of acting CFO was accepted by KPI Green Energy.
A week earlier, KPI Green Energy had actually stated that it had actually inked a set of new Power Purchase Agreements (PPAs) to market 6.3 MW of solar energy. The firm will make the green energy sale in the interdependent power producer (IPP) segment under the terms of the contract.
It had authorized long-term PPAs with 3 exclusive business. The green energy company has actually signed a PPA with Heubach Colour Pvt. Ltd. under which the buyer will certainly acquire a capacity of 2.9 MW from KPI Green. The second firm is Sachin Paper Mills, which will be acquiring 400 KW of solar energy. The 3rd company is Alembic Pharmaceuticals Ltd. that will buy 3 MW The overall green power sale of KPI Green Energy will come to 6.3 MW.
The firm additionally disclosed recently that it will certainly be providing one more 33 MW of solar energy projects under the captive power manufacturer (CPP) segment as well as its wholly-owned subsidiary KPIG Energia Pvt. Ltd will be creating the solar project.
KPI Green Energy establishes, operates, as well as maintains captive solar energy projects for clients. It was previously called KPI Global Infrastructure. The team is also right into business of power production and solar energy sale under the Solarism brand in the state of Gujarat.