Omega Solar PV Power Plant

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Omega Solar PV Power Plant is a 10.5MW facility located in Village Sangat Pura, District Sangrur, Punjab, India. Omega Solar Projects Private Limited is an SPV wholly owned by the Lanco Group of India (100%). Omega Solar Projects Private Limited has entered into a 25yr PPA with the government of Punjab, facilitated by the Punjab Energy Development Agency. Omega Solar Projects Private Limited reached financial closure in January, 2015. Of the $7.71m USD cost all has been debt financed. Debt financing is provided by the State Bank of India ($3.86m USD), and Lakshmi Vilas Bank ($3.85m USD). Omega Solar PV Power Plant is fully operational as of July, 2015. Sources: Lanco Group Website: http://www.lancogroup.com/ Punjab Energy Development Agency website: http://www.peda.gov.in/main/SPVPowerProjects.html IJGlobal: https://ijglobal.com/data/transaction/33672/omega-solar-pv-power-plant-10mw Articles: http://punjabupdate.com/2015/07/19/with-117-mw-capacity-additions-in-just-four-months-punjab-emerges-as-dream-destination-in-solar-sector-2 http://timesofindia.indiatimes.com/city/chandigarh/117-MW-solar-projects-become-operational-in-Punjab/articleshow/48106646.cms