Inox Wind Signs Pact to Jointly Develop 2.5GW Renewable Energy Projects in India with KP Energy

MT Newswires Live11-19

Inox Wind (NSE:INOXWIND, BOM:539083) has entered into a memorandum of understanding with KP Energy (NSE:KPEL, BOM:539686) to jointly develop 2.5 GW of wind and wind-solar hybrid power projects in India, according to a Wednesday filing to the Indian stock exchanges.

Under the pact, Inox and its subsidiaries will supply wind turbine generators and associated equipment, provide engineering support, and execute pre-commissioning, commissioning, and operations and management (O&M) of the wind turbine generators.

On the other hand, KP Energy will undertake project development activities such as securing connectivity, land and right-of-way, obtaining statutory approvals, and engineering, procurement, and construction (EPC) works. It will also manage O&M of the balance of plant of the projects.

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