KP Energy To Add 1231 MW In Two Years
KP Energy Limited has shared with the stock exchange that it will add over 1231 MW within next two years to the existing 205.8 MW. The rapid ramping up of capacity comes soon after a slew of measures, impacting the regulatory framework, announced by the Government in its bid to meet the target of 60 GW of wind energy by 2022.
The government has recently switched over to Auction Driven Tariff Regime from erstwhile Regulator decided Feed-in Tariffs. To achieve its target of producing 60GW of wind energy by 2022, it has initiated separate bids under Central Transmission Utility (CTU) network. It has also waived off ISTS (Inter-State Transmission System) charges which will help to set up projects in any windy State and sale of power to any far-off State within the country without paying any transmission costs.
The industry has also been given a major boost through the 6000MW auction by Solar Energy Corporation of India (SECI) which has brought in all non-windy States on the bee line to purchase power at a very economical rate from SECI. It has also drawn the interest of large Corporate Houses, Foreign Banks, Utilities, Institutions, FIIs and corporate bodies to invest in the sector leading to benefits on long-term, fewer risk propositions.
KP Energy Limited provides one roof solutions to the entire gamut of services for wind farm development. It also develops wind power projects of utility-scale providing end-to-end solutions like wind farm siting, wind site land acquisition, permits, power evacuation facilities like sub-stations, high voltage transmission lines, wind turbine civil foundation works as well as its erection & installation. It facilitates Power Sale Arrangement between investors and Power Utilities as well. KP Energy’s revenue flows in as Balance of Plant (BoP) activities which is approximately about 20-24% of total Project Cost. This model was first of its kind of package offered by KP Energy in India and it has enjoyed first-mover advantage. This also have given a distinction to KP Energy for being one of the highest ROCE, ROI & fastest growing company in India.