Kundan Green Energy is set to invest Rs 10 billion in renewable energy projects and expand their portfolio by 2028. The expansion strategy includes integrating advanced pumped storage systems into upcoming hydropower projects. These projects are crucial for stabilising the grid and managing the variability of renewable energy.
The company plans to invest between Rs 130 million to Rs 150 million per MW in new projects, supporting India’s goal of generating 500 GW of renewable energy. This is being done to meet the potential future demand and enhance the national energy infrastructure.
In October 2024, Kundan Green Energy commissioned a hydropower plant at Luni, Himachal Pradesh at a budget of approximately Rs 750 million. In April 2024, the company announced its authorisation to build a new hydropower plant in Okhali, Uttarakhand. Scheduled for completion in 2028, the hydropower project will produce energy from a 42 MW hydro project, with the potential to increase output to 60 MW in the future.
