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Essel Jalgaon Solar Plant

Sector: Solar • Location: India

Source: World Bank Group

Project
Active

The project envisages the construction and operation of a 20-MW solar PV plant in Parbhani District, Maharashtra. Project is being undertaken by Flexirural Urja Jalgaon Ltd, an SPV owned by Essel Group.

This is a greenfield project initiated on a BOO basis (license scheme). The company has entered into a 25-year Power Purchase Agreement (PPA) with Solar Energy Corporation of India at a fixed tari

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The project “Essel Jalgaon Solar Plant” is an infrastructure initiative in the Solar sector, located in India. Taiyo aggregates data on it from World Bank Group.

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Description

Description

The project envisages the construction and operation of a 20-MW solar PV plant in Parbhani District, Maharashtra. Project is being undertaken by Flexirural Urja Jalgaon Ltd, an SPV owned by Essel Group. This is a greenfield project initiated on a BOO basis (license scheme). The company has entered into a 25-year Power Purchase Agreement (PPA) with Solar Energy Corporation of India at a fixed tariff of Rs.4.43/kWh. Total investment in the project is estimated at $21.7 million and is being funded through debt and equity in 71:29 ratio. Financing comprises $15.4 million 17-year-11-month term loan and $6.3 million equity. Debt provider is L&T Infrastructure Finance. Financial close took place on 17 July 2017. CARE Ratings WB libraries

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