KP Energy bags wind-solar hybrid power project, stock up over 4%

KP Energy share price gained over 4 percent in intra-day trade on Thursday after the renewable major bagged a new order from Aditya Birla Renewable Energy. KP Energy stock price opened at Rs 560 and hit the day's high at Rs 600.25.

The order is for the development of a 23.1 MW wind capacity forming part of the wind-solar hybrid power project (comprising 23.1 MW wind & 11 MW Solar) to be connected to the existing 140 MW power evacuation facility at Fulsar PSS. The project includes the installation of 11 numbers of Suzlon make wind-operated electricity generators (commonly also referred to as windmills or WTG) each of model S120 having a rated capacity of 2100 kW.

KP Energy will be responsible for providing a range of services, including Engineering, Procurement, Construction, and Commissioning (EPCC) for the project. This entails tasks such as land acquisition, design, manufacturing, supply, construction, erection, testing, and commissioning for the Balance of Plant and securing the necessary approvals and permits for the Project.