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RGS Solar Power Project

Sector: Solar • Location: India

Source: World Bank Group

Project
Active

The project entails the greenfield development of a 7 MW solar power plant in Village Dharamjipet, Tehsil Dubbak, District Medhak, Telangana by RGS Solar Power Pvt Ltd.

The Sponsors are R. N. Jewels (57.14%) and R.N. Kapoor Jewellers (42.86%) from R N Group.

Offtaker is Southern Power Distribution Co of Telangana for 25 years.

The total project cost is $8.5 million (INR 570 million). Financ

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

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Description

Description

The project entails the greenfield development of a 7 MW solar power plant in Village Dharamjipet, Tehsil Dubbak, District Medhak, Telangana by RGS Solar Power Pvt Ltd. The Sponsors are R. N. Jewels (57.14%) and R.N. Kapoor Jewellers (42.86%) from R N Group. Offtaker is Southern Power Distribution Co of Telangana for 25 years. The total project cost is $8.5 million (INR 570 million). Financing comprises $6 million (INR 15.2 billion) 15-year term loan provided by Rural Electrification Corp Ltd and $2.5 million (INR 171 million) of equity. Financial close occurred on 8 March 2016. Dealogic Report

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