New Delhi: BluPine Energy secures Rs 418 crore from HDFC Bank for a 120 MW solar project in Sadla, Gujarat, projecting to generate 3.23 lakh MWh annually, offset 2.96 lakh tonnes CO2, and power 2.7 lakh households. The total debt for the project is Rs 418 crore. BluPine Energy has secured Rs 418 crore from HDFC Bank for its 120 MW solar project in Sadla, Gujarat. After completion, the plant is expected to generate about 3.23 lakh MWh (megawatt hour) of solar energy annually, offsetting around 2.96 lakh tonnes of CO2 equivalent annually and provide power to around 2.7 lakh households annually, a company statement said.Sanjeev Bhatia, CFO of BluPine Energy, said in the statement, "Securing the financial closure for .. The total debt sanctioned for this ambitious project is Rs 418 crores (USD 50.1 Million), the statement said.Bhatia said that with the addition of this project,  BluPine Energy's cumulative solar and wind energy capacity in Gujarat will scale up to 750 MW across 7 projects under GUVNL.Moreover, the overall renewable energy  capacity will reach approximately 2.6 GW, with 730 MW currently operational, he added.Rakesh Singh, Group Head - Investment Banking & Private Banking, HDFC Bank,  said in the statement, "Partnering with BluPine Energy on the 120MW solar power project in Gujarat is another step in the direction of supporting businesses creating  solutions that are climate sensitive".The electricity generated from this plant will be supplied to Gujarat Urja Vikas Nigam Limited (GUVNL) under a Power Purchase  Agreement (PPA) for 25 years from the scheduled commercial operation date.