By: Express News ServiceSurat | October 10, 2025 08:53 PM IST 3 min readWe are rapidly scaling our renewable energy capacity, but we also want to grow in emerging areas like hydrogen and EV. (Source: File)The Surat-based KP group, which is into solar power generation, signed a Memorandum of Understanding (MOU) with the state government during the Vibrant Gujarat Regional Conference on Thursday for setting up fuel stations for Hydrogen and Electric vehicles across Gujarat at an investment of around Rs 8,000 crore.Under the agreement, KP Group, which is among the country’s leading renewable energy conglomerates, will invest nearly Rs 8,000 crore to establish a network of hydrogen and electric vehicle (EV) fuel stations across Gujarat, marking a major step towards advancing e-mobility infrastructure in the state.The MoU was signed by Affan Patel, Director, K P Group, and Bhakti Shamal, Joint Secretary, Energy and Petrochemicals Department, in the presence of Gujarat CM Bhupendra Bhai Patel, Finance Minister Kanubhai Desai and Union Minister of New & Renewable Energy Prahlad Joshi.In a recent survey by Hurun, which compiled a ‘richest list 2025’, K P Group Chairman & Managing Director Dr Faruk G Patel was listed as the richest person of Surat – with a net worth of Rs 11,930 crore.According to the MoU, the Gujarat government will facilitate KP Group in obtaining the necessary permissions and clearances in line with the state’s policies and regulatory framework. The project, scheduled to commence in 2026, is expected to generate around 1,000 employment opportunities and support both industrial growth and environmental sustainability.Elaborating on the MoU, Dr Faruk G Patel said, “At KP Group, we have always believed in contributing to a cleaner, greener, and more self-reliant Gujarat. We are rapidly scaling our renewable energy capacity, but we also want to grow in emerging areas like hydrogen and EV. This MoU for setting up hydrogen and EV fuel stations across the state reflects our commitment to building sustainable infrastructure that accelerates the transition to clean mobility. We are proud to partner with the Government of Gujarat in shaping the state’s future as India’s clean energy leader.”The MoU aligns with the vision of “Viksit Gujarat to Viksit Bharat”, highlighting the state’s leadership in driving India’s green energy transformation.Story continues below this adAt the 10th edition of the Vibrant Gujarat Global Summit in Gandhinagar, KP Group signed MoUs to invest Rs 17,790 crore in Gujarat. The Group proposed investment of Rs 16,690 crore for 2,675 MW wind, solar, and hybrid power projects at multiple locations, and pledged investment of Rs. 1,000 crore for a green hydrogen plant, sources said.Stay updated with the latest - Click here to follow us on Instagram© The Indian Express Pvt Ltd