KPI Green Energy secures loan for Gujarat power project

KPI Green Energy has obtained a loan of Rs 272 crore from the National Bank for Financing Infrastructure and Development. This funding will help support their 50 MW hybrid power project in Bharuch, Gujarat. The project will include 75.2 MW of solar power and 16.95 MW of wind power. It is set to operate under a 25-year agreement with Gujarat Urja Vikas Nigam Limited. The loan is expected to ensure the project is completed on time. KPI Green Energy is focused on increasing renewable energy production in India. Their initiative is part of a larger effort to boost green energy sources in the country.