Deals19 Mar 2025, 02:50 pm
KPI Green Energy Receives Rs. 272 Crores Credit Facilities from NaBFID for 50MW Hybrid Power Project
AI Summary
KPI Green Energy Limited has received a final sanction letter from NaBFID for credit facilities amounting to Rs. 272 Crores for the part financing of a 50MW hybrid power project. This project, located in Bharuch, Gujarat, comprises 75.2MWp Solar capacity and 16.95MW Wind capacity. It will be developed under a 25-year PPA with Gujarat Urja Vikas Nigam Limited. This financial assistance will significantly enhance KPI Green Energy's renewable energy portfolio and support their dedication to providing the nation with environmentally friendly and sustainable energy. It will also reinforce and expedite their efforts to reach their ambitious goal of 10 GW capacity by 2030.
Key Highlights
- KPI Green Energy received a final sanction letter from NaBFID for credit facilities amounting to Rs. 272 Crores.
- The credit facilities are for the part financing of a 50MW hybrid power project in Bharuch, Gujarat.
- The project comprises 75.2MWp Solar capacity and 16.95MW Wind capacity.
- The project will be developed under a 25-year PPA with Gujarat Urja Vikas Nigam Limited.
- This financial assistance will enhance KPI Green Energy's renewable energy portfolio and support their sustainability goals.