+
KPI Green Energy Secures Rs 9.79 bn Loan for 150 MW Gujarat Wind Project
POWER & RENEWABLE ENERGY

KPI Green Energy Secures Rs 9.79 bn Loan for 150 MW Gujarat Wind Project

KPI Green Energy Limited has secured a sanction of Rs 9.79 billion (bn) from Canara Bank, comprising Rs 9.31 bn in a fresh rupee term loan and Rs 0.48 bn in bank guarantee support to finance the development of its 150 megawatt (MW) wind power project in Gujarat as an independent power producer.

The project, backed by 25-year long-term power purchase agreements with Gujarat Urja Vikas Nigam Limited (GUVNL), is being developed in Bharuch and Bhavnagar districts and forms part of the company's growing IPP portfolio. The funding will underwrite construction and initial operation phases.

The total project cost is estimated at Rs 12.42 bn and is proposed to be funded at a debt to equity ratio of 75:25, with the sanctioned term loan constituting the debt component of the financing. The facility carries a door-to-door tenor of 20 years and one month, including an implementation period of one year four months and a moratorium period of one year. This structure provides long-term financial support for project development and implementation.

Company leadership said the sanction represents an important milestone and reflects strong confidence in the group's execution capabilities and long-term strategy in the renewable energy sector. Access to long-term project financing was identified as a critical enabler for scaling clean energy infrastructure and the facility is expected to support timely project delivery. The investment will be used to accelerate growth of the renewable energy portfolio and to reinforce stable annuity revenues.

Upon commissioning, the projects will contribute to KP Group's 10 GW target by 2030 and will advance the group's efforts in wind, solar, hybrid energy, battery energy storage systems and green hydrogen. Established in 1994 by Dr Faruk G. Patel, the group has developed a diversified portfolio and a reputation as a partner for organisations seeking to reduce carbon footprints. The company said it remains committed to India's energy transition and to creating enduring value for stakeholders.

KPI Green Energy Limited has secured a sanction of Rs 9.79 billion (bn) from Canara Bank, comprising Rs 9.31 bn in a fresh rupee term loan and Rs 0.48 bn in bank guarantee support to finance the development of its 150 megawatt (MW) wind power project in Gujarat as an independent power producer. The project, backed by 25-year long-term power purchase agreements with Gujarat Urja Vikas Nigam Limited (GUVNL), is being developed in Bharuch and Bhavnagar districts and forms part of the company's growing IPP portfolio. The funding will underwrite construction and initial operation phases. The total project cost is estimated at Rs 12.42 bn and is proposed to be funded at a debt to equity ratio of 75:25, with the sanctioned term loan constituting the debt component of the financing. The facility carries a door-to-door tenor of 20 years and one month, including an implementation period of one year four months and a moratorium period of one year. This structure provides long-term financial support for project development and implementation. Company leadership said the sanction represents an important milestone and reflects strong confidence in the group's execution capabilities and long-term strategy in the renewable energy sector. Access to long-term project financing was identified as a critical enabler for scaling clean energy infrastructure and the facility is expected to support timely project delivery. The investment will be used to accelerate growth of the renewable energy portfolio and to reinforce stable annuity revenues. Upon commissioning, the projects will contribute to KP Group's 10 GW target by 2030 and will advance the group's efforts in wind, solar, hybrid energy, battery energy storage systems and green hydrogen. Established in 1994 by Dr Faruk G. Patel, the group has developed a diversified portfolio and a reputation as a partner for organisations seeking to reduce carbon footprints. The company said it remains committed to India's energy transition and to creating enduring value for stakeholders.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code