KPI Global commissions 1.2 MW captive solar plant

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Gujarat-based KPI Global Infrastructure Limited—which is primarily an independent power producer (IPP)—has commissioned additional 1.2 MW solar power project under ‘captive power producer’(CPP) category.

By the end of March 2019, the company had completed 2.43 MW of CPP mode projects at its Solarism plant in Sudi and Tanchha village of Amod, with Letter of Intents for another 4.7 MW solar power project.

Under CPP vertical, KPI Global either sells or leases part of its Solarism Plant’s land for the solar power plant of CPP customers and develops the solar power project on their behalf.

Under IPP category, KPI’s cumulative capacity of solar power plant in operation has touched 40.75 MW with the recent commissioning of 7.5 MW in its existing solar power plant. The additional capacity was commissioned in November, for UPL Limited, Vapi, and Colourtex Industries, Surat against their power purchase agreements (PPAs) for 2.5 MW and 5 MW, respectively.

In 2019-20 the company aspires to cross 100 MW milestone for the overall plant capacity. During 2018-19, its total revenue increased by 9.55% to Rs 346.20 million compared to Rs 316 million in the previous year. The profit after tax increased by 20.43% to Rs 89 million from Rs 73.9 million in the previous year.