What is the latest status of the project “Parbhani Solar Plant”?

The status recorded for “Parbhani Solar Plant” is active.

Who are the main government, EPC, and private stakeholders for “Parbhani Solar Plant”?

Taiyo maps the stakeholders of “Parbhani Solar Plant”: government bodies (World Bank Group).

What is the budget and commercial profile for the project “Parbhani Solar Plant”?

Taiyo normalizes the budget of “Parbhani Solar Plant” to USD 43300000.

Where can I verify the source and access all details for “Parbhani Solar Plant”?

This Taiyo project page references World Bank Group along with the original URL (https://ppi.worldbank.org/en/snapshots/project/parbhani-solar-plant-9306). Taiyo standardizes official data into a consistent, searchable project profile.

Parbhani Solar Plant

Sector: Automotive • Location: India

Source: World Bank Group

Project

Active

Project envisages the construction, operation and maintenance of a solar PV plant with a capacity of 40 MW in Parbhani District, Maharashtra. MH Parbhani Power Pvt Ltd is a 100% owned special purpose vehicle (SPV) of Essel Green Energy Pvt Ltd.

This is a greenfield project launched on a BOO modality. Power Purchase Agreement (PPA) has been executed between MHPPPL and the power distribution compa

Status: Prospective
Sector: Automotive, Education, Power Generation (CCGT), Solar, Commercial, Government
Location: India
Updated: 22 Jul 2026
Source: World Bank Group

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Project Information

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The project “Parbhani Solar Plant” is an infrastructure initiative in the Automotive sector, located in India. Taiyo aggregates data on it from World Bank Group.

Participants

Sponsoring Agency

Status

Original status	active
Taiyo status	Prospective
Taiyo last update	2026-07-22

Contact

Not available for this record.

Description

Description	Project envisages the construction, operation and maintenance of a solar PV plant with a capacity of 40 MW in Parbhani District, Maharashtra. MH Parbhani Power Pvt Ltd is a 100% owned special purpose vehicle (SPV) of Essel Green Energy Pvt Ltd. This is a greenfield project launched on a BOO modality. Power Purchase Agreement (PPA) has been executed between MHPPPL and the power distribution company- Solar Energy Corporation of India Limited (SECI) for the purchase of solar power for a period of 25 years at a tariff of Rs.4.43 per unit. Total investment stands at of Rs.279.17 crore ($43.3 million) funded through debt of Rs.198.00 crore ($30.7 million) and equity of Rs.81.17 crore ($12.6 million). Hence debt to equity is in 70:30 ratio. Debt financing has a tenor of 17-years 11-months and is provided by L&T Finance. Financial close took place on 17 July 2017. https://global.factiva.com/pro/default.aspx?napc=S&_XFORMSTATE=AFB7MTp7MTA5OnsxOjAsMjoiRCIsMzowLDQ6MCw1OiJwcm9ial9hcHBsaWNhdGlvbl9wZGY6YXJjaGl2ZS9BRklPUkgyMDE3MTIxODAwMTU3LzQ4LzQzNjI4Ni9DQVJFUlQwMPwDCmVkY2YwMDAwciJ9fX0RAAB3AAAA&sa_from=GL WB library & Factiva
Original sector	Energy
Budget

Location

Country

India

Source

Source	World Bank Group
URL

More Details

Record type	Project
Sector	Automotive, Education, Power Generation (CCGT), Solar, Commercial, Government
Article published date	2024-05-21

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