KPI Green Energy Limited receives final sanction letter from NaBFID for credit facilities

KPI Green Energy Limited has received final sanction letter from National Bank For Financing Infrastructure and Development ("NaBFID") for credit facilities amounting to Rs. 272 Crores for the part financing of the 50MW hybrid power project comprising of 75.2MWp Solar capacity and 16.95MW Wind capacity at Bharuch, Gujarat. This project will be developed under a 25-year Power Purchase Agreement (PPA) with Gujarat Urja Vikas Nigam Limited. This financial assistance will play a crucial role in developing the project, with the goal of completing it within the stipulated timeframe.

This project will significantly enhance our renewable energy portfolio, supporting our dedication to providing the nation with environmentally friendly and sustainable energy. It will reinforce and expedite our efforts to reach our ambitious goal of 10 GW capacity by 2030.

Source : Equity Bulls

Keywords

KPIGreenEnergy FinalSanctionLetter NaBFID CreditFacilities 50MW HybridPowerProject Bharuch