KPI Green Energy secures a sanction of Rs 3,200 crore from 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 aggregating over 1 GWp of the Company's Independent Power Producer (IPP) portfolio.
The sanctioned facilities will support two strategically significant renewable projects:
- 250 MW (AC) / 350 MWp (DC) Solar Power Project
- 370 MW Hybrid Power Project, comprising 557 MWp Solar portion and 124.20 MW Wind portion
Both projects are secured by 25-year long-term Power Purchase Agreements (PPAs) with Gujarat Urja Vikas Nigam (GUVNL) and are being developed in the Bharuch and Surendranagar districts of Gujarat.