Enel Green Power S.P.A. plans to undertake the construction of a 300 MW solar power project in Bikaner, Rajasthan. The total solar power project cost coming under Thar Surya 1 Pvt Ltd is estimated at $200 million. International Finance Corporation (IFC) plans to debt finance the project by $50 million. IFC will also mobilise $100 million debt through parallel lenders. The solar power project was awarded by Solar Energy Corporation of India (SECI). The power generated by Thar Surya will be sold to SECI under a 25 year Power Purchase Agreement (PPA).
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Note: The above-mentioned project extract is taken from ProjectX India | 1st April 2021 edition. To get full access to the projects, contracts, tenders, and news covered along with contact details, you can buy this issue by clicking here…