Karnataka II
12. March 2019
ISLASOL I A
20. February 2020

Uttar Pradesh I

Uttar Pradesh I in Budaun District in the state of Uttar Pradesh is a 75-megawatt solar power plant commissioned in January 2021. 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 894,356 ㎡
  • CAPACITY CAPACITY 75 MW
  • INVESTMENT VOLUME INVESTMENT VOLUME (CAPEX) 38 million USD

ESG PROFILE

  • Project site CONSTRUCTION JOBS CREATED
    (average during construction period)
    390
  • Capacity NEW PERMANENT JOBS CREATED 55
  • Reach of electricity supply ELECTRICITY REACH (people) 93,295
  • CO2 reduction CO2 AVOIDED (tonnes p.a.) 103,684

Project Videos

 
 

Impressions of the project

Project details

Project Special Purpose Vehicle (SPV) Talettutayi Solar Projects Five Private Limited (“Uttar Pradesh I”)
Location Baramay Khera Village, Budaun District, State of Uttar Pradesh, India
Coordinates: 28.06240° N, 79.02576° E
Technical Specifications Solar irradiation at project site: 1,824.2 kWh/m²/year (SolarGIS)
Grid connection: To an 132 kV existing Bilsi UPPTCL substation, 5 km away
Fixed tilt mounting structure, using mono PERC solar PV technology
192,000 modules of rating 390Wp
Supplier/Manufacturer Solar Modules: JA Solar (China); Solar Inverters: Sungrow (China); String Inverter: Sungrow (China); Inverter Transformer: Raychem RPG (India); Mounting Systems: Purshotam Profiles Pvt. Ltd. (India); Control Panels: Technocrafts Switchgears Pvt. Ltd. (India); HT Cables: KEI Industries (India); LT Cables: KEI Industries (India); String Cable: Siechem Technologies (India)
General Contractor (EPC) Jakson Limited
Operations & Maintenance Jakson Limited (5 years)
Lender’s Engineer PFC Consulting Limited
Electricity Offtake Counterparty Grid Connection Agreement with Uttar Pradesh Power Transmission Corporation Limited (UPPTCL)
Power Purchase Agreement with Uttar Pradesh Power Corporation Ltd. (UPPCL)
Credit Rating Electricity Offtake Counterparty ICRA: C
Specifications of the Power Purchase Agreement Statutorily guaranteed Tariff fixed rate INR 3.21 (USD 0.05) per kWh, allocated through a reverse auction bidding process. The rate has been set and approved for 25 years by the Uttar Pradesh Electricity Regulation Commission.
Minimum guaranteed revenue in the first full year of operations USD 5.76 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. 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 JA Solar and underwritten by PowerGuard.
Project Insurance Coverage (amount insured) Industrial All Risks Policy: Material Damage – USD 41 million Business Interruption – USD 10.2 million
Insurer (coverage ratio) ICICI Lombard General Insurance Company Limited
Status In full operation since January 2021.

Status: 30/09/2021

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