Telangana II
Telangana II in Mahbubnagar District in the state of Telangana is a 12-megawatt solar power plant commissioned in June 2016. 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
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LOCATION
India
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PROJECT SITE
163,594 ㎡
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CAPACITY
12 MW
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INVESTMENT VOLUME (CAPEX)
11.8 million USD
ESG PROFILE
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CONSTRUCTION JOBS CREATED
(average during construction period) 150 -
NEW PERMANENT JOBS CREATED
12
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ELECTRICITY REACH (people)
15,480
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CO2 AVOIDED (tonnes p.a.)
17,204
UN SDGs (directly supported)
Project Videos
Project details
| Project Special Purpose Vehicle (SPV) | Talettutayi Solar Projects Six Private Limited ("Telangana II") |
|---|---|
| Location | Palwai Village, Mahbubnagar District, State of Telangana, India Coordinates: 16.153026° N, 77.763979° E |
| Technical Specifications | Solar irradiation at project site: 1,987.7 kWh/m²/year (SolarGIS) Grid connection: To an existing 33 kV Gadwal TSTRANSCO substation, 13.5 km away Fixed tilt mounting structure, using polycrystalline solar PV technology 19,278 modules of rating 310Wp and 19,152 modules of rating 315Wp |
| Supplier/Manufacturer | Solar Modules: Trina Solar (China); Solar Inverters: ABB (Switzerland); Inverter Transformer: Voltamp (India); Mounting Systems: Profab (India), Metalkraft (India) and Aircon (India); Control Panels: Avana (India); HT Cables: Havells (India); LT Cables: Havells (India); String Cable: Lapp (Germany); Junction Boxes: Statcon (India) |
| General Contractor (EPC) | Sterling and Wilson Pvt. Ltd. |
| Operations & Maintenance | Sterling and Wilson Pvt. Ltd. |
| Lender’s Engineer | Sgurr Energy India |
| Electricity Offtake Counterparty | Grid Connection Agreement and Power Purchase Agreement with Southern Power Distribution Company of Telangana Limited |
| Credit Rating Electricity Offtake Counterparty | CARE: B+ |
| Specifications of the Power Purchase Agreement | Statutorily guaranteed Tariff fixed rate INR 6.89 (USD 0.11) per kWh, allocated through a reverse auction bidding process. The rate has been set and approved for 25 years by the Telangana State Electricity Regulation Commission. |
| Minimum guaranteed revenue in the first full year of operations | USD 2.2 million |
| Third party guarantees additional to the market standard warranties provided by suppliers, manufacturers and EPCs | EPC: Unconditional and irrevocable bank guarantee (performance ratio guarantee) with a maturity of 5 years by the Union Bank of India. Structured as a CFD (contract for difference) which guarantees the difference between contracted revenue and actual energy production of the plant. Solar Modules: 25-year power output warranty provided by Trina Solar and underwritten by PowerGuard. |
| Project Insurance Coverage (amount insured) | Industrial All Risks Policy Material Damage – USD 5.1 million Business Interruption – USD 1.7 million |
| Insurer (coverage ratio) | ICICI Lombard General Insurance Company Limited (70%) & Bharti AXA General Insurance Company Limited (30%) |
| Status | In full operation since June 2016. |
Status: 30/09/2021
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