Maharashtra I
11. October 2018
Karnataka I
12. October 2018

Madhya Pradesh I

Madhya Pradesh I in Shajapur District in the state of Madhya Pradesh is a 200-megawatt solar power plant scheduled to be operational by fall 2023. It was developed by Delhi-based SolarArise India Projects Pvt Ltd, an innovative operator of grid-connected solar power projects in India. Since fall 2018, ThomasLloyd has been the largest shareholder with a significant stake in SolarArise.

OVERVIEW

  • LOCATION LOCATION India
  • PROJECT SITE PROJECT SITE 2,585,900 ㎡
  • CAPACITY CAPACITY 200 MW
  • INVESTMENT VOLUME INVESTMENT VOLUME (CAPEX) 78 million USD

ESG PROFILE

  • Project site CONSTRUCTION JOBS CREATED
    (average during construction period)
    1,040
  • Capacity NEW PERMANENT JOBS CREATED 105
  • Reach of electricity supply ELECTRICITY REACH (people) 264,652
  • CO2 reduction CO2 AVOIDED (tonnes p.a.) 294,124

Project details

Project Special Purpose Vehicle (SPV) Talettutayi Solar Projects Nine Private Limited (“Madhya Pradesh I”)
Location Surajpur Village, Shajapur District, State of Madhya Pradesh, India
Coordinates: 23.227417°, 76.215425°
Technical Specifications Solar irradiation at project site: 1,850 kWh/m²/year (Meteonorm)
Grid connection: To a 400 kV PGCIL Pachora substation
Fixed tilt mounting structure, using mono PERC solar PV technology
Supplier/Manufacturer TBC
General Contractor (EPC) TBC
Operations & Maintenance TBC
Lender’s Engineer TBC
Electricity Offtake Counterparty Power Purchase Agreement (PPA) with
1. M.P. Power Management Company Limited (MPPMCL)
2. Indian Railways (IR)
Credit Rating Electricity Offtake Counterparty 1. MPPMCL - CARE “A-”
2. Indian Railways – “AAA Sovereign rating”. Indian Railways is a statutory body under the jurisdiction of Ministry of Railways, Government of India that operates India’s national railway system
Specifications of the Power Purchase Agreement Statutorily guaranteed Tariff fixed rate INR 2.339 (USD 0.03) per kWh, allocated through a reverse auction bidding process. The rate has been set and approved for 25 years.
Minimum guaranteed revenue in the first full year of operations USD 9.8 million
Third party guarantees additional to the market standard warranties provided by suppliers, manufacturers and EPCs TBC
Project Insurance Coverage (amount insured) TBC
Insurer (coverage ratio) TBC
Status Commercial operations are expected to start in Q3 2023.

Status: 30/09/2021

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