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Mandal-Jharasangam Wind Power Plant

Sector: Cable car • Location: India

Source: World Bank Group

Project
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The project entails the construction of a 31.5MW capacity wind power plant in Mandal-Jharasangam, Kohir, Medak district, Telangana by Clean Wind Power Anantapur Pvt Ltd ("Project Company").

Sole sponsor of the project is Hero Wind Energy (Hero Group).

The project is eligible for revenue subsidy under the Generation Based Incentive Scheme in the Wind Power Sector in India.

The total project cos

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The project “Mandal-Jharasangam Wind Power Plant” is an infrastructure initiative in the Cable car sector, located in India. Taiyo aggregates data on it from World Bank Group.

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Description

Description

The project entails the construction of a 31.5MW capacity wind power plant in Mandal-Jharasangam, Kohir, Medak district, Telangana by Clean Wind Power Anantapur Pvt Ltd ("Project Company"). Sole sponsor of the project is Hero Wind Energy (Hero Group). The project is eligible for revenue subsidy under the Generation Based Incentive Scheme in the Wind Power Sector in India. The total project cost is $36.6 million (INR2.45bn). Financing comprises a $29.3 million (INR 1.96 billion) 15-year term loan provided by Srei Infrastructure Finance, and a $7.3 million (INR 490 million) equity. Financial close occurred on 7 June 2016. Details on PPA are unavailable but the project is under the state of Telengana's wind energy procurement plan. https://ijglobal.com/data/transaction/36443/mandal-jharasangam-wind-farm-315mw http://tnredcl.telangana.gov.in/PDFs/Telangana_Wind_Power_Policy_2016.pdf http://cleantechnica.com/2016/02/29/indias-hero-future-energies-issues-44-million-certified-climate-bond/ http://www.herofutureenergies.com/projects/wind-power

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