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Solar Power Plant Seeking Loan in Ahmedabad, India

Solar EPC company seeking capital to build a 1MW solar power plant in Gujarat.

Established 1-5 year(s)
Employees 5 - 10
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 140 thousand
Run Rate Sales USD 300 thousand
EBITDA Margin 20 %
Industries Solar Power Plants
Locations  Ahmedabad
Local Time 8:36 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 360 thousand for 15.0% annual interest, 8 years (Native Currency: INR 30,000,000)
Reason: The funds will be used to acquire a 8 acre plot and to set up the power plant.
Collateral Available: USD 0
Includes physical assets worth USD 12 thousand
Interested to connect with advisors
Business Overview

- Offer EPC services for solar power plants.

- Have installed and commissioned over 50 solar projects since inception.

- We partner with 3 other EPC contractors to together offer a comprehensive range of EPC services.

- Have prior experience offering EPC services for residential, commercial, and industrial solar power projects.

- The promoter is an alumni from Germi Institute and has previously worked in a private renewable energy firm.

- Have recently received interest from a Gujarat based steel producer who requires us to set up a 1MW solar power plant.

- We are in the final stages of signing a power purchase agreement with them under which we will sell electricity at INR 5.5/unit for the next 5 years.

- They currently rely on the government for electricity paying INR 9.5/unit.

- We are looking to fund this project by raising external debt capital.

- The investor will own the power plant and the land on which it is built and be entitled to a pre-negotiated, fixed cash flow throughout the life of the project.

- The power plant can be set up anywhere under the coverage of UGVCL, the distribution company of the Gujarat Electricity Board.

- We intend to acquire an 8 acre plot to set up the plant.

- The loan will be collateralized by the assets acquired for the project.

- A new legal entity will be formed for the project with the investor as a director.

- The investor will not be required to devote any time running the solar plant and we run and maintain the plant.

Products & Services Overview

EPC services for solar power plants. We also sell/resell solar equipment.

Assets Overview

Shop equipment, inventory and tools.

Facilities Overview

Operate out of a promoter owned 2,000 sq. ft. space. The 1 MW power plant will be set up on a 8 acre plot which is yet to be acquired.

Capitalization Overview
Not Disclosed
Recent Activity
  • Earlier than 15 days
    Director, Ahmedabad, M&A Advisor connected with the Business
  • Earlier than 15 days
    Advisor, Hyderabad, Financial Consultant connected with the Business
  • Earlier than 15 days
    Founder & CEO, Chennai, M&A Advisor connected with the Business
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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