Karnataka II
Karnataka II is a 27-megawatt solar power plant located in Koppal District in the state of Karnataka and was commissioned in August 2019. It was developed by Delhi-based SolarArise India Projects Pvt Ltd, an innovative operator of grid-connected solar power projects in India. ThomasLloyd has been a major shareholder in SolarArise since fall 2018.
PROJECT SITE
Karnataka, India
CO2 REDUCTION
40 664 tonnes p.a.
REACH OF ELECTRICITY SUPPLY
36 589 people
CAPACITY
27 MW
Project Videos
Project details
| Project Special Purpose Vehicle (SPV) | Talettutayi Solar Projects Two Private Limited („Karnataka II“) |
|---|---|
| Location | Kerehalli Village, Koppal District, Bundesstaat Karnataka, India Location: 15.371604° N, 76.307229° E |
| Technical Specifications | Project site: 484,328 m² Solar irradiation at project site: 2,026 kWh/m²/year (SolarGIS) Grid connection: To an existing 110 kV Kerehalli KPTCL substation, 2 km away Fixed tilt mounting structure, using polycrystalline solar PV technology 29,295 modules of rating 325Wp and 53,136 modules of rating 330Wp |
| Reach of Electricity Supply | 36 589 people |
| New permanent jobs | 24 in the plant |
| Supplier/Manufacturer | Solar Modules: JA Solar (China) Solar Inverters: TBEA (China) Inverter Transformer: Shilchar (India) Power Transformer: Voltamp (India) Mounting Systems: Ganges Internationale Control Panels: TBD HT Cables: Apar Industries Ltd. (India) LT Cables: Apar Industries Ltd. (India) String Cable: Apar Industries Ltd. (India) Junction Boxes: Trinity Touch (United Kingdom) |
| General Contractor (EPC) | Jakson Limited |
| Operations & Maintenance | Jakson Limited (5 years) |
| Lender’s Engineer | TUV Rheinland (India) Pvt. Ltd. |
| Electricity Offtake Counterparty | Grid Connection Agreement with Karnataka Power Transmission Corporation Power Purchase Agreement with Bangalore Electricity Supply Company (BESCOM) |
| Credit Rating Electricity Offtake Counterparty | ICRA: A |
| Specifications of the Power Purchase Agreement (PPA) | Statutorily guaranteed Tariff fixed rate INR 3.04 (USD 0.04) per kWh, allocated through a reverse auction bidding process. The rate has been set and approved for 25 years by Karnataka Electricity Regulatory Commission. |
| Status | In full operation since August 2019. |
Status: 30/06/2021
Thomaslloyd is a Signatory to the Principles for Responsible Investment (PRI)
and other Key Responsible Investment Initiatives
ThomasLloyd is committed to investing responsibly. We believe that the integration of material environmental, social and governance (ESG) factors into our investment process is a core part of our fiduciary duty to act in the best interests of our clients and their beneficiaries. To formally incorporate and systematically integrate ESG factors therefore in this process, we have developed a Socially Responsible Investment Policy, Methodology and Framework.
