KPI Green Acquires Rs 6.86 Billion Loan for Kutch Solar Initiative

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KPI Green Energy Limited has secured a final sanction letter for credit facilities amounting to Rs 6.86 billion for the development of a 200 MW AC (240 MW DC) solar photovoltaic power project in Khavda, Kutch district, Gujarat.

Further, the company had earlier raised Rs 3 billion through a qualified institutional placement, of which Rs 2.25 billion has been used to partially fund the project. The financial assistance will play a crucial role in developing the project, with the goal of completing it within the stipulated timeframe.

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