ENGIE solar power project

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This project comprises the development, construction and maintenance of a 400MWAC solar power project in Gujarat, India. Offtaker of the produced electricity under 25-year Power Purchase Agreement (PPA) at a tariff of INR2.49 per kWh is Gujarat Urja Vikas Nigam Limited (GUVNL). The total cost of the project is $221 million, of which $88.5 million loan is provided by Asian Infrastructure Investment Bank (AIIB) and $87.88 million loan comes from the Asian Development Bank. The project company is Enren Energy Private Limited, fully sponsored by Solairedirect Energy India Private Limited (SEIPL). Financial close is achieved on May 13, 2024. https://www.adb.org/projects/57072-001/main ; https://www.aiib.org/en/projects/details/2024/approved/India-ENGIE-Solar-Power-Project.html ; https://www.aiib.org/en/projects/details/2024/_download/India/AIIB-PSI-P000768_India_ENGIE-Solar-Power-Project-2024-05-15_Updated.pdf https://www.adb.org/projects/57072-001/main ; https://www.aiib.org/en/projects/details/2024/approved/India-ENGIE-Solar-Power-Project.html ; https://www.aiib.org/en/projects/details/2024/_download/India/AIIB-PSI-P000768_India_ENGIE-Solar-Power-Project-2024-05-15_Updated.pdf