KPI Green wins Rs 1,050 crore LOI for RTC green power project

KPI Green Energy Limited has received a Letter of Intent from UAE-based FVE Lifecare General Trading LLC, part of the F Plus Group, for a 600 MW Round-the-Clock (RTC) Green Power Project valued at about Rs 1,050 crore. The agreement follows an earlier MoU with F Plus Healthcare Technologies.

The project will supply captive and group-captive renewable power for F Plus facilities worldwide and may be structured through a Power Purchase Agreement, Joint Venture, or strategic investment framework. KPI will design, finance, and commission an integrated solar and battery energy storage system (BESS) to deliver continuous carbon-neutral power.

The company also plans to monetise carbon credits and green certifications under international frameworks such as IRENA and UNFCCC. Initial installations will begin in Gujarat, Rajasthan, and Andhra Pradesh, with expansion planned across Asia, the Middle East, and Africa. 

The project marks KPI’s entry into new global sectors such as healthcare, data centres, and life sciences, where reliable green power supports high-technology infrastructure. 

Separately, KPI Green Energy received charging approval for 40.96 MW of solar and wind-solar hybrid projects under its Captive Power Producer segment, developed for clients of KPI Green Energy and its subsidiary Sun Drops Energia Private Limited.