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India has been rated as one of the most
promising countries for wind power
development, with an estimated potential of
48500 MW. Around 11807 MW have been
installed in the country as on 31st March
2010 so far with the active participation of
private sector investors. An
environment for commercial exploitation has
been evolved by various commercial
initiatives of the Government.
Tamilnadu is the forerunner in this
sector. The State has an installed
capacity of 5530 MW as of 31st March 2010
and has tremendous potential for growth in
this sector.
TIIC has acquired expertise in funding this
sector and can guide its clients in the
right direction, from selection of Wind
Turbines upto choosing the appropriate type
of financing. TIIC is operating wind
mill scheme for units in the manufacturing
sector, service sector and for standalone
projects, where upto 75% of the project cost
is funded.
| Eligible Borrower |
Any new or
existing unit |
| Promoter's Contribution |
25% (minimum) |
| Debt Equity Ratio |
Overall
2.00 : 1.00 |
| Repayment Period |
Ranging from 5 to
7 years including a holiday of 6
months to 1 year. |
| Collateral Security |
As per existing
norms of the Corporation, it will be
decided on a case to case basis on
merits. |
| Quantum of
Assistance |
Proprietary /
Partnership
- Rs.800 lakhs |
| Private and Public
Ltd., Companies -
Rs.2,000 lakhs. |
|
Click
here for Rate of Interest
Page modified on 05.04.2011
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