Gujarat-based KPI Global Infrastructure Limited—which is primarily an independent power producer (IPP)—has bagged an order for executing two solar power projects aggregating to 2.250 MW capacity under ‘captive’ power producer category. The projects are to be set up for two Surat based industrial consumers, 1.125 MW for Devika Fibres and another 1.125 MW for Saanika Industries.
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 for them by entering into a turnkey agreement to supply the developed solar power project. This enables the CPP customers to not only use a common pool of grid connected land to generate solar power but also provides ready-made infrastructure to evacuate power, using KPI transmission line from Solarism plant to the Amod Substation.
KPI Global aspires to cross 100 MW overall capacity milestone in 2019-20. So far, it has touched 40.75 MW as an independent power producer and close to 4 MW as captive power producer.
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.