Suryoday Solar Plant
Sector: Solar • Location: India
Source: World Bank Group
The project envisages the construction and development of a 34 MW (AC) solar power plant at Venkayalapalle & Argonda, Telangana. Suryoday Energy Private Limited is the SPV which will implement the project.
Sponsor of the project is Shapoorji Pallonji Group. This is a new, greenfield project initiated under a BOO modality. The concession contract was won by Shapoorji Pallonji through a competitve
- Status
- Prospective
- Sector
- Solar, Power Generation (CCGT), Power Transmission, Government, Commercial
- Location
- India
- Updated
- 22 Jul 2026
- Source
- World Bank Group
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Project Information
Participants
Sponsoring Agency | |
Company |
Status
Original status | Active |
Taiyo status | Prospective |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | The project envisages the construction and development of a 34 MW (AC) solar power plant at Venkayalapalle & Argonda, Telangana. Suryoday Energy Private Limited is the SPV which will implement the project. Sponsor of the project is Shapoorji Pallonji Group. This is a new, greenfield project initiated under a BOO modality. The concession contract was won by Shapoorji Pallonji through a competitve bidding process under the Telangana State Solar Policy. The bidding criteria was the lowest tariff per Kwh. The total output will be sold to the state-owned distribution utility in Telangana under a 25-year PPA. Financial closure was estimated to have achieved on March 24, 2017. The project will require an investment of Rs 274 crore ($41.85 million) and is being funded by 75:25 debt to equity. Yes bank was reported to provide the debt funding amounting to $31.39 million, with the sponsor's contribution covering the remaining $10.46 million. Dealogic and Factiva |
Original sector | Energy |
Procurement method | |
Budget |
Location
Country | India |
Source
Source | World Bank Group |
URL |
More Details
Record type | Project |
Sector | Solar, Power Generation (CCGT), Power Transmission, Government, Commercial |
Article published date | 2024-09-19 |
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