Essel Jalgaon Solar Plant
Sector: Education • Location: India
Source: World Bank Group
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
- Status
- Prospective
- Sector
- Education, Power Generation (CCGT), Solar, Commercial, Government
- Location
- India
- Updated
- 22 Jul 2026
- Source
- World Bank Group
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Project Information
Participants
Sponsoring Agency |
Status
Original status | active |
Taiyo status | Prospective |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
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 |
Original sector | Energy |
Budget |
Location
Country | India |
Source
Source | World Bank Group |
URL |
More Details
Record type | Project |
Sector | Education, Power Generation (CCGT), Solar, Commercial, Government |
Article published date | 2024-06-06 |
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