7 months ago
Essar and KP Group Invest in Gujarat's Energy Sector
Essar Future Energy Limited and KP Group have both announced big investments in Gujarat, India.
Essar is putting in ₹5,100 crore to build a large bio-fuel complex in Devbhumi Dwarka.
This project will make clean fuel for planes, ships, and trucks and is expected to create 350 jobs by 2029.
KP Group is investing ₹4,000 crore in renewable energy projects, like solar and wind power, in Devbhumi Dwarka and Kutch.
These projects will have a total capacity of 855 MW.
Both companies signed agreements with the Gujarat government at the Vibrant Gujarat Regional Conference.
These investments are part of Gujarat's plan to become more energy-independent and use cleaner energy sources.
Essar Future Energy Limited will invest ₹5,100 crore in a bio-fuel complex in Devbhumi Dwarka, Gujarat.
The project will have a capacity of 1 million tonnes per annum (MTPA) and is expected to create 350 direct jobs by 2029.
KP Group will invest ₹4,000 crore in renewable energy projects, including solar and wind-solar hybrid power, in Devbhumi Dwarka and Kutch (Bhuj).
The renewable energy projects will have a total capacity of 855 MW.
Both companies signed MoUs with the Gujarat government at the Vibrant Gujarat Regional Conference in Rajkot.
- Who
- Essar Future Energy Limited and KP Group
- What
- Investments in energy projects in Gujarat
- Where
- Gujarat, India (Devbhumi Dwarka and Kutch (Bhuj))
- When
- January 12, 2026
- Why
- To develop clean energy solutions and contribute to regional development
Key facts
- Investment Amount (Essar)
- ₹5,100 crore
- Project Location (Essar)
- Devbhumi Dwarka, Gujarat
- Project Type (Essar)
- Bio-fuel complex
- Employment Opportunities (Essar)
- 350 direct jobs
- Expected Completion (Essar)
- 2029
- Investment Amount (KP Group)
- ₹4,000 crore
- Project Locations (KP Group)
- Devbhumi Dwarka and Kutch (Bhuj), Gujarat
- Project Type (KP Group)
- Renewable energy projects (solar and wind-solar hybrid)
- Project Capacity (KP Group)
- 855 MW
Quotes
Essar Future Energy Limited
A company involved in energy sector
“The project involves a proposed investment of Rs 5,100 crore and is expected to generate around 350 direct employment opportunities, with operations targeted to commence by 2029.”
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Vibhav Agarwal
CEO of Essar Future Energy Limited
“As part of the state's focus on building a green energy ecosystem for energy independence, aligned with the vision of Viksit Gujarat-Viksit Bharat @ 2047, Gujarat continues to lead India's journey in industrial growth and energy transition. Essar is proud to be at the forefront of this transformation, partnering with the state government to develop future-ready, low-carbon energy solutions.”
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KP Group
A business group investing in renewable energy projects in Gujarat.
“Under the MoU, KP Group proposes to establish renewable energy projects with an aggregate capacity of approximately 855 MW, comprising solar power projects and ISTS-connected wind-solar hybrid power projects, across multiple locations in Gujarat, including Devbhumi Dwarka and Kutch (Bhuj).”
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