KPI Green secures Rs 979 crore debt for 150 MW Gujarat wind project
KPI Green Energy Limited has secured Rs 979 crore in debt financing from Canara Bank for a 150 MW wind power project in Gujarat, to be developed under the Independent Power Producer (IPP) model. The facility includes a Rs 931 crore term loan and a Rs 48 crore bank guarantee. The project is located across Bharuch and Bhavnagar districts and is backed by 25-year power purchase agreements (PPAs) with Gujarat Urja Vikas Nigam Limited (GUVNL)….