A target of I75GW of Renewable Energy Capacity by 2022 was looking like an impulse andnaive few years back. Achieving Utility Scale Project Capacity of 60GW Wind & 60GWSolar virtually in 6-7 years appeared to be a fantasy too good to hear too difficult todeliver! It now appears that current pace of projects bids investors bankersmanufacturers and developers put together would over-achieve this once-upon-a-timesky-high target.
Like India KP Energy also has determined very aggressive targets and a company doingcapacities around 50MW-I00MW is now on spree to get into manifold numbers andaccomplishing I 23 I MW projects before 2022. Looking from projects on hand and on theanvil the inroads to Manzil though appearing far is being paved!
From a magnificent year for the country in 2017 with about 5.5GW wind capacityaddition the journey tumbled to about I.7GW in 20I8. It was a tremor felt by each andevery stakeholder in the Wind Industry. In stark contrast solar capacity addition of5.5GW in 2017 grew by 9GW in 2018! All these appeared as if in India winds have stoppedblowing and solar generation have become 24x7!
The capacity addition in Gujarat in 2018 was ~ 258MW (20% of Last year) andcontribution of KP Energy was ~29MW (35%of Last year). And here lies the inherentstrengths of your company and its driving mechanism! It has registered a downfall close tohalf of its turnover but managed to still remain in green! It actually with changedwinds changed regulatory norms bids from pre-determined tariffs State off-taker toCentral off-taking arrangements because of its flexibility to change adoptability tomould visionary maturity to convert adversities into opportunities have aligned wellimmediately.
In the new era KP Energy have added skill sets sites technology and orders to markup FY20I9 a robust performance display in stormy winds! And we are going aggressive inbuilding pathways to Utopia! Ion behalf of Team KP Energy am quite eager to greet you atAvadh Utopia Suraton 29th September 2018 AgM.
Very truly yours Faruk Patel