Shares of KPI Green Energy Ltd surged 3.25% to a day’s high of Rs 437.70 on 18th December. This followed the company’s announcement on 17th December that it had signed a memorandum of understanding (MoU) with the Botswana government. They will collaborate on large-scale renewable energy generation, energy storage, and transmission infrastructure.

The MoU sets a framework for developing and implementing renewable energy and transmission projects. This aims to boost Botswana’s energy security and position the country as a clean power exporter.

The collaboration involves a $4-billion (Rs 36,000 crore) investment and aims to increase Botswana’s renewable energy capacity to nearly 5GW.

KPI Green Energy will lead technical and commercial activities. These include feasibility studies, project design, financing, construction, commissioning, and long-term operation of renewable energy and storage assets. The partnership also covers upgrading and building high-voltage transmission lines within Botswana. Furthermore, it includes improving connections with neighbouring countries for regional power transmission.

The company will also support 30 scholarships per year for Botswana citizens in renewable energy, engineering, sustainability, and related fields. This initiative will build local skills, transfer knowledge, and empower youth to contribute to the country’s clean energy transition.

The MoU is a major step in KPI Green Energy’s international expansion. It aligns with Botswana’s goal of achieving net-zero emissions by 2030. The agreement was signed between Botswana’s Ministry of Minerals and Energy and the KP Group. This group includes KPI Green Energy Ltd, KP Energy Ltd, and KPI Green Engineering Ltd.

At 12:52 PM, shares of KPI Green Energy were trading 1.10% higher at Rs 421.55 on NSE.

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