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KPI Green Receives Letter for Credit Facility for Khavda PV Project

KPI Green Energy has received a final sanction letter for credit facility amounting to Rs 686 crore for the development of a 200 MWAC (240 MWDC) solar photovoltaic power project in Khavda, Kutch district of Gujarat.

 

This financial assistance will play a crucial role in developing the project, with the target of completing within the stipulated timeframe. Further, the company had earlier raised Rs 300 crore through a qualified institutional placement (QIP), of which Rs 225 crore has been used to partially fund the project.

 

This project will significantly enhance its renewable energy (RE) portfolio, supporting its dedication to providing the nation with environmentally-friendly and sustainable energy.

 

It will reinforce and expedite efforts to reach its goal of 1000 MWp capacity by 2025.

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