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Nilgiri Wind Power Project

Sector: Raw Materials • Location: India

Source: World Bank Group

Project
Active

The project entails the development of a 10MW wind power plant in Sangli District, Maharashtra by Nilgiri Power Pvt Ltd ("Project Company").

Sponsor is NSL Renewable Power. Offtaker is Maharashtra State Electricity Distribution Co with a contract period of 13 years. The project is eligible for revenue subsidy under the Generation Based Incentive Scheme in the Wind Power Sector in India.

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The project “Nilgiri Wind Power Project” is an infrastructure initiative in the Raw Materials sector, located in India. Taiyo aggregates data on it from World Bank Group.

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Description

Description

The project entails the development of a 10MW wind power plant in Sangli District, Maharashtra by Nilgiri Power Pvt Ltd ("Project Company"). Sponsor is NSL Renewable Power. Offtaker is Maharashtra State Electricity Distribution Co with a contract period of 13 years. 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 $10 million (INR 666.4 million). Financing comprises of $6.3 million ( INR 420 million) 13-year term loan and $3.7 million (INR 246.4 million) of equity. Sole lender is Central Bank of India, who is also the facility agent. Financial close occurred on 28 March 2016. https://ijglobal.com/data/transaction/36441/nilgiri-wind-farm-10mw Dealogic Report

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