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Govt inks $4bn renewable energy deal with Indian firm

Wednesday, December 17, 2025 | 330 Views |

Green power: The country is advancing various renewable energy projects

The Ministry of Minerals and Energy has signed a Memorandum of Understanding with a stock-exchange-listed Indian firm for the development of up to $4 billion in renewable energy projects around the country.

In statement to the Bombay Stock Exchange this afternoon, KP Group revealed that the MoU had been sealed with a target of up to five gigawatts of renewable energy.

“As part of the understanding, KP Group will lead technical and commercial development activities, including feasibility studies, project design, financing, construction, commissioning, and long-term operation and maintenance of the renewable energy and storage assets,” the firm’s directors said.

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