CLP Theni I wind farm

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China Light and Power (CLP) implemented 99 MW Theni wind farm located at Theni village near Madurai town, in the south Indian state of Tamilnadu. The project has two phases: Theni I wit 45.5 MW and Theni II with 45.5MW as well. China Light and Power and its subsidiary Paguthan Energy Corp are the sponsors. The power generated by this project would be sold to state-owned utility Tamil Nadu Electricity Board (TNEB) under 20 year power purchase agreement. The project used Vestas V82 geared wind turbines with a capacity of 1.65MW each. The estimated project cost was INR. 2.97 billion (US$65 million). The project reached financial closure in October 2010. Industrial Development Bank of India (IDBI) acted as financial advisor. IDBI provided a 13-year term loan of Rs1.93 billion, and CLP India provided all of the Rs1.04 billion of equity. The debt was arranged by IDBI. The project commenced commercial operations on 29 Jul 2010.