SEI Kathiravan Solar Power Plant Project

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The project entails the development of a 50 MW solar PV power plant at Virudhnagar District of Tamil Nadu, India by SEI Kathiravan Power Pvt Ltd ("Project Company"). The project company is a 100% subsidiary of SunEdison Group. This project is part of the MoU signed between Sun Edison and Tamil Nadu Government to develop 2 GW of solar and wind power projects in the state. The projects will be coming up at Virudunagar, Tuticorin, Tiruchy and Perambalumr in Tamil Nadu. Details on whether the PPA has been finalized yet or not is unavailable. The total project cost is USD $72.8 million (INR 4.8 billion). Financing comprises a USD $ 51 million (INR 3.36 billion) 15-year-6-month term loan provided by PTC India Financial Services and equity contribution of USD 21.8 million (INR 1.45 billion) . Financial close occurred on 13 November 2015. i) Dealogic ii) http://www.business-standard.com/article/companies/sunedison-to-invest-rs-12-000-14-000-cr-in-tamil-nadu-115090900804_1.html iii) http://panchabuta.com/2015/02/20/tamil-nadu-begins-to-sign-power-purchase-agreements-for-solar-projects/ iv) http://articles.economictimes.indiatimes.com/2015-09-09/news/66363671_1_pashupathy-gopalan-sunedison-solar-power-projects