Reportedly, KP Group has signed a memorandum of understanding (MoU) to invest Rs 40 billion to develop renewable energy projects in Gujarat.
Under the agreement, KP Group plans to set up renewable energy capacity aggregating about 855 MW which comprises of solar power projects as well as inter-state transmission system connected wind–solar hybrid projects. The proposed projects will be developed across multiple locations in Gujarat, including Devbhumi Dwarka and Kutch district.