K.P.Energy Limited has secured a 100 MW ISTS-connected wind power project from Solar Energy Corporation of India Limited under a tariff-based competitive bidding process, quoting a discovered tariff of ₹3.67 (~$0.044)/kWh. The project was awarded under SECI’s Wind Tranche XIX tender and will be developed under the Independent Power Producer (IPP) segment in Gujarat.
The company confirmed receipt of the Letter of Award (LoA) through a regulatory filing with Indian stock exchanges. Based on the award terms, the project is required to achieve full commissioning within 24 months from the effective date of the Power Purchase Agreement (PPA).
Under the ISTS framework, the project will be connected to the interstate transmission network, enabling power offtake across multiple states and improving grid flexibility for renewable energy procurement entities.
The ₹3.67/kWh winning tariff places the project within the competitive range of recent central wind auctions. SECI’s tranche-based bidding model continues to attract developers with integrated execution capabilities and strong site pipelines, particularly in high wind resource states such as Gujarat.
The award was issued following a reverse auction process. The contract is classified as a domestic award and does not fall under related-party transactions, according to the company’s disclosure.
Portfolio Expansion Plans
With this project, KP Energy’s IPP portfolio is expected to increase to around 150 MW after PPA signing and commissioning. The company stated that the award supports its strategy of scaling owned renewable assets alongside its engineering, procurement, and construction (EPC) and Balance of Plant (BOP) business lines.
Established in 2010, KP Energy is a Surat, Gujarat–based renewable energy infrastructure company and a core entity of the KP Group , founded by Dr. Faruk G. Patel The company provides turnkey BOP solutions for wind and hybrid projects, including site identification, EPC services, evacuation infrastructure, and operations and maintenance.
The broader KP Group reports a renewable energy portfolio exceeding 6.5 GW across wind, solar, and hybrid segments.
Recent SECI wind tenders indicate stable developer interest and disciplined tariff discovery, supported by improved turbine ratings, better plant load factors, and ISTS-linked transmission planning. New IPP wins by mid-sized integrated players point to a gradual broadening of India’s utility-scale wind developer base.
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