Brief Notes: 50 MW Solar Power Plant Project at Tamilnadu

Sub: Funding/investment required for upcoming 50 MW Solar Energy Project at TamilNadu

Folowing are the details of the project and developments so far

Project Details :

 Name of the project : Solar Energy Project

 Customer Name : TANGEDCO (Electricity Board of TamilNadu)
 Location of Project : TamilNadu
 Project Capacity : 50 MW
 Land required : 245 Acres (acquired)
 Total project cost (approximate) : Rs 266.20 Cr
 PPA tariff : Rs 3.47/ per unit
 COD : March 2019

Current Status of Project

 Concept development & site identification : Completed

 Land acudui : Completed
 Feasibility study : Partially done and in process
 PPA : Done
 Permitting, Financing : Partially done and in process
 Local Boby Clearnce : Approved
 Local Flow Study : Partially done and in process

What we are looking for :

 Investors / Equity Partner : for provisioning of 75% funds on loan terms basis or Equity
partnership basis.

 Project Approximate Cost : USD $ 39 Million (INR 266.20 Cr)

 Funds Required Stages :

I. Debt 75% : Rs 199.65 Cr / USD $ 29 Millions

II. Equity 25% : Rs 66 Cr / USD $ 9.75 Millions