KPI Green Energy Limited , has achieved a significant strategic milestone with the receipt of a Letter of Intent from Gujarat Urja Vikas Nigam Limited for the development of self-owned IPP Standalone Battery Energy Storage System Projects with an aggregate capacity of 445 MW / 890 MWh to be set up at multiple locations in the State of Gujarat. This LOI has been issued pursuant to the tariff-based competitive bidding process for the development of Standalone BESS Projects under Phase-VII, supported by Viability Gap Funding (VGF) through the Power System Development Fund (PSDF). The project represents two important firsts for the Group: its maiden utility-scale IPP BESS project and its first BESS project awarded by a major government body

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