Solar Power Plant Seeking Loan in Jalgaon, India

- We have secured the mandate to raise funds for a 10 MW solar power plant.

- The plant is registered as a private limited company and is a wholly-owned subsidiary of a large, diversified, 30-year-old business conglomerate.

- The parent company has an EV of INR 100 cr.

- Project will be set up on a 24 acre plot of land which has already been acquired by the private limited entity.

- The plant will be a captive plant supplying power the group's entities and other corporate houses.

- Have already signed MoUs for the power purchase agreement with the other corporate groups.

- An EPC firm has been awarded the contract to set up the power plant.

- Total cost of developing the plant is estimated to be INR 50 crores and the development period is estimated to be 6 months.

- The project's IRR is projected to be 17% and all clearances and licenses are in place.

- Physical assets owned by the business includes land.

- The debt will be on the balance sheet of the private limited entity.

Renewable Energy - Solar power plant, 10 MW capacity.

Commercial Land, building and other fixed assets.

40 acres of owned commercial land worth INR 50 cr.