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Parampujya Solar Energy Solar Plant

Sector: Solar • Location: India

Source: World Bank Group

Project
Active

The project entails the construction and operation of a 350-MW solar plant located in Karnataka. Wardha Solar (Maharashtra) Private Limited is the project company, entirely owned by Adani Group, that is undertaking the project. Project is being procured under the SECI scheme with power purchase agreement for 20 years. The concession contract was awarded following a competitive bidding process bas

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The project “Parampujya Solar Energy 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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active

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Description

Description

The project entails the construction and operation of a 350-MW solar plant located in Karnataka. Wardha Solar (Maharashtra) Private Limited is the project company, entirely owned by Adani Group, that is undertaking the project. Project is being procured under the SECI scheme with power purchase agreement for 20 years. The concession contract was awarded following a competitive bidding process based on lowest tariff per unit of energy. Financing was provided by 4 commercial banks - MUFG Bank, Siam Commercial Bank, Intesa Sanpaolo and Mizuho Bank, one state-owned bank - India Infrastructure Finance Company and one Bilateral - Export Development Canada. Each lender provided the same amount - $41.66 million. Financing closed in Feb 2018. https://ijglobal.com/data/transaction/41165/karnataka-pv-solar-farm-350mw

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High

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