KPI Green Energy Wins 500 MW NTPC REL Solar Contract

15 May 2026 CW Team

The project is divided into two blocks to facilitate execution, comprising a 300 MW block valued at about Rs 3.67 bn and a 200 MW block worth about Rs 2.54 bn. KPI Green Energy will execute the complete Balance of System (BOS) package for both blocks, which encompasses supply of plant equipment, inland transportation, insurance, installation, testing and commissioning for grid connected solar photovoltaic projects. The scope includes all civil and related infrastructure works required for project delivery.

In addition to construction activities, the company will provide operation and maintenance (O&M) services for three years from the commercial operation date. Thereafter it will continue supporting the assets under a ten year annual maintenance contract (AMC) to sustain performance and reliability over the long term. The arrangement aims to ensure optimal plant operation during early life and to maintain energy yield targets through routine and corrective maintenance measures.

KPI Green Energy said the project aligns with the Government of India’s efforts to expand renewable capacity and strengthen sustainable infrastructure across the country. The company clarified that NTPC REL is a domestic entity and that the contract does not involve related party transactions or promoter group interest, and that the award resulted from a transparent competitive process. The company added that the large scale order would strengthen its presence in the domestic renewable energy sector and improve its growth prospects as it advances project execution and operations.

KPI Green Energy Limited has secured notifications of award for a 500 megawatt (MW) solar power project from NTPC Renewable Energy Limited, a subsidiary of NTPC Green Energy Limited. The contract for the Rajasthan project has a total value of approximately Rs 6.21 billion (bn), excluding GST. The award marks the company’s first major renewable energy project in the state and forms part of its broader expansion plans in India’s key solar hubs. The project is divided into two blocks to facilitate execution, comprising a 300 MW block valued at about Rs 3.67 bn and a 200 MW block worth about Rs 2.54 bn. KPI Green Energy will execute the complete Balance of System (BOS) package for both blocks, which encompasses supply of plant equipment, inland transportation, insurance, installation, testing and commissioning for grid connected solar photovoltaic projects. The scope includes all civil and related infrastructure works required for project delivery. In addition to construction activities, the company will provide operation and maintenance (O&M) services for three years from the commercial operation date. Thereafter it will continue supporting the assets under a ten year annual maintenance contract (AMC) to sustain performance and reliability over the long term. The arrangement aims to ensure optimal plant operation during early life and to maintain energy yield targets through routine and corrective maintenance measures. KPI Green Energy said the project aligns with the Government of India’s efforts to expand renewable capacity and strengthen sustainable infrastructure across the country. The company clarified that NTPC REL is a domestic entity and that the contract does not involve related party transactions or promoter group interest, and that the award resulted from a transparent competitive process. The company added that the large scale order would strengthen its presence in the domestic renewable energy sector and improve its growth prospects as it advances project execution and operations.

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