KPI Green Energy gets Rs 3,200 cr SBI Funding for Gujarat Projects
India, Sept. 25 -- KPI Green Energy Limited has secured a sanction of INR 3,200 crore from the State Bank of India (PF&SBU), comprising both fund-based and non-fund-based facilities, to part-finance the development of its 250 MW solar project and 370 MW hybrid project in Gujarat, together totaling over 1 GWp of the company's Independent Power Producer (IPP) portfolio. The sanctioned facilities will support two strategically significant renewable projects: a 250 MW (AC) / 350 MWp (DC) solar power project and a 370 MW hybrid power project, which includes a 557 MWp solar portion and a 124.2 MW wind portion. Both projects are backed by 25-year long-term power purchase agreements (PPAs) with Gujarat Urja Vikas Nigam Limited (GUVNL) and are being...
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