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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

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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.

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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

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