KP Energy has tied up with CLP India, one of the largest foreign investors in the Indian power sector to develop a 250.8 MW wind project at Dwarka in Gujarat. The project was floated by the Solar Energy Corporation of India Limited (SECI) under Tranche-VIII.
The project is expected to be connected with interstate transmission system (ISTS) network substation at Jam Khambhaliya, Gujarat.
As part of the arrangement with CLP India, KP Energy will be responsible for providing a turnkey balance of solution for the project, including procuring wind site locations, obtaining necessary approvals and development permits, wind data management, and other related works. The company will also take the responsibility to complete the power evacuation infrastructure comprising 220 kV dedicated lines and pooling substation at Sidhpur in Dwarka.
In June 2019, a Memorandum of Understanding (MoU) was signed between the two companies under which it was agreed upon that CLP India would offer sites to develop capacities in the range of 50-300 MW. Based on the MoU, KP Energy offered the Sidhpur site to CLP India for its evaluation.
A pre-bid collaboration and development agreement was signed between KP Energy and CLP India for a wind site of approximately 300 MW capacity for SECI.
According to the Bombay Stock Exchange (BSE) filing by KP Energy, “This is the first instance where KP Energy has tied up directly with an independent power producer for wind farm development. Previously, such arrangements were done through OEMs (original equipment manufacturers).”
Since 2002, CLP India has diversified its generation portfolio which includes renewable and conventional energy, aggregating over 3,000 MW.
CLP India’s 14 wind energy projects and three solar energy projects are spread across seven states of the country.
Previously, Mercom had reported that KP Energy and GE India Industrial Limited signed a definitive agreement for the development of a 300 MW wind power project, consisting of 120 wind turbine generators of 2.5 MW each.
In March 2019, renewable project developer Suzlon Energy announced that it had completed the sale two of its subsidiaries to CLP Wind Farms. Suzlon stated that it was selling the remaining stake in its subsidiaries S.E Solar Limited and Gale Solar Farms Limited for consideration of ₹765.5 million ($11.1 million) and ₹225.4 million ($3.3 million), respectively.
CLP had forayed into solar energy projects by acquiring 49% stake in SE Solar in December 2017.
Image credit: Kmadison [Public domain]
Anjana is a news editor at Mercom India. Before joining Mercom, she held roles of senior editor, district correspondent, and sub-editor for The Times of India, Biospectrum and The Sunday Guardian. Before that, she worked at the Deccan Herald and the Asianlite as chief sub-editor and news editor. She has also contributed to The Quint, Hindustan Times, The New Indian Express, Reader’s Digest (UK edition), IndiaSe (Singapore-based magazine) and Asiaville. Anjana holds a Master’s degree in Geography from North Bengal University, and a diploma in mass communication and journalism from Guru Ghasidas University, Bhopal.