KPI Green Energy secures Rs 272 crore loan for Gujarat hybrid power project

(Image credit: KPI Green Energy)

NEW DELHI: KPI Green Energy introduced on Wednesday that it has secured a Rs 272 crore loan from the National Bank for Financing Infrastructure and Development (NaBFID) to partially fund its 50 megawatt (MW) hybrid power project in Bharuch, Gujarat, information company PTI reported.
“The company has received a final sanction letter from the National Bank For Financing Infrastructure and Development (NaBFID) for credit facilities amounting to Rs 272 crores for the part financing of the 50 MW hybrid power project comprising of 75.2 MWp solar capacity and 16.95MW wind capacity,” stated the corporate in an change.
The project can be developed below a 25-year Power Purchase Agreement (PPA) with Gujarat Urja Vikas Nigam Limited. According to the corporate’s change submitting, this monetary help can be instrumental in making certain the project’s well timed completion.