In a circular on Friday, KPI Global Ltd. informed the stock exchanges about the re-allocation of the capacity of 1.25 MW pertaining to discontinuance of Power Purchase Agreements (‘PPA’), of M/s. Vikram Nuvotech India Private Limited, Surat to M/s. GHCL Limited, Bhilad against the signing of PPA under the Independent Power Producer (‘IPP’) segment of the Company.
KPI Global builds, develops, operates, owns, and maintains solar power plants as an Independent Power Producer (IPP) and as a service provider to Captive Power Producer (CPP) under the brand name ‘Solarism’.
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