KPI Green Energy Ltd adds hybrid power project to its asset portfolio

KPI Green Energy Ltd is adding hybrid power project in its own power generating asset portfolio. KPI Green is developing Hybrid Power Project of 16.10MW (comprising 16.10MW wind and 10MWdc solar capacity) at Bhungar site in Mahuva, at Bhavnagar, Gujarat, under the Gujarat hybrid power policy 2018.

The requisite financial closure to the tune of INR 132 Crores has already been achieved by the Company from State Bank of India (SBI). Further, the Company has arranged long term PPAs in advance with various corporate parties for sale of power generated out of the hybrid power project upon commissioning. The Project is scheduled for commissioning in March 2023.

Source : Equity Bulls

Keywords

KPIGreenEnergy HybridPowerProject Wind Solar Mahuva Bhavnagar Gujarat