KPI Green Energy and Advait Infratech signs MoU to develop 500 MW solar park in Uttarakhand

KPI Green Energy Limited and Advait Infratech Limited have signed a memorandum of understanding (MoU) with the Uttarakhand government for the development of 500 MW solar park on captive power producer (CPP) basis.

This is in line with state government’s renewable policy to empower the state with green and sustainable energy. The Uttarakhand government intent to provide further assistance to the parties for commencement of the project during the period of this MoU. In a separate development, the company has received an order for executing wind-solar hybrid power project for 2.10 MW capacity comprising of 2.10 MW wind and 1 MW solar capacity from CTX Life Sciences Private Limited by Sun Drops Energia Private Limited, a wholly owned subsidiary of the company under CPP segment.