KPI Green Energy raises $116M for 150 MW wind project in Gujarat
KPI Green Energy has secured $116.5M in financing from Canara Bank for its 150 MW wind project in Gujarat, backed by 25-year offtake agreements with public agency GUVNL.
| Countries | Inde |
|---|---|
| Companies | Adani Green Energy Limited, Canara Bank |
| Sector | Énergie Éolienne, Terrestre |
| Theme | Investissements & Transactions, Financement de projet |
KPI Green Energy Limited has secured a financial sanction of $116.5M (₹979 crore) from Canara Bank to support its 150 MW wind power project in the state of Gujarat, India. The financing comprises a term loan of $110.8M (₹931 crore) and a bank guarantee of $5.7M (₹48 crore). The total estimated project cost stands at $147.8M (₹1,241.68 crore), structured on a debt-to-equity ratio of 75:25.
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