KPI Green Energy Gets Loan for Gujarat Hybrid Power Project

National Bank for Financing Infrastructure and Development Offers Rs 272 Crore Loan

NEW DELHI: KPI Green Energy recently revealed that it has obtained a loan of Rs 272 crore from the National Bank for Financing Infrastructure and Development (NaBFID). This loan will help partially fund the company’s 50 megawatt (MW) hybrid power project in Bharuch, Gujarat.

Project Overview

• The project includes a 75.2 MWp solar capacity and a 16.95MW wind capacity.
• It will be developed under a 25-year Power Purchase Agreement (PPA) with Gujarat Urja Vikas Nigam Limited.
• The financial support from NaBFID will ensure the project is completed on time.

(Image credits: KPI Green Energy)

Note: The text color is not specified in the provided HTML code, and it defaults to black in most web browsers. The HTML code provided above does not include any extra text, sections, or suggestions, as requested.