Solar Power Project Scheme
|Objective||For establishment of new solar photovoltaic power plants set up by existing/ new units / commercial establishments.|
To establish solar photovoltaic power plants both grid connected and off‑grid solar power plant, either on roof top or over land for captive consumption of entire power generated by the solar power plant by existing units. To establish 1 MW and above capacity solar photovoltaic power plants over land, for full or part sale of power to TANGEDCO after consumption of power for own requirement, by existing/new units.
Financial assistance can be considered for
i.For setting up solar photovoltaic power plants set up by existing units for captive consumption:
ii. For units which are going to sell entire/part of power generated to TNEB:
|Site Selection||Site suitability report from Govt. Agency/ Govt. approved agency shall be obtained for this purpose.|
|Photovaltaic Panels / Equipments||Only new plant& machinery shall be considered as per International Standards. The supplier shall be experienced EPC contractors/reputed manufacturers with proven good track record. Performance guarantee and warranty for solar plants for at least 10 years shall be insisted. For captive consumption or sale of power to TNEB projects.|
Existing assisted/non-assisted units which are in }
standard category for the last 3 years } : 25% (minimum)
New Units/Existing units not coming under above category } : 35% (minimum)
|Debt Equity Ratio||Not exceeding 2.00 : 1.00 (Overall)|
|Repayment Period||Upto 9 years including a moratorium period of upto 1 year.|
Good, easily marketable immovable property in the form of land/ land and building only at not less than 35% of term loan in case of existing assisted and non-assisted units which are in standard category for not less than 3 years, and 50% of term loan for all other cases shall be obtained. For Board cases collateral to be decided on case to case basis. The proposed solar power project site shall not be taken as collateral. Agricultural land cannot be taken as collateral.
Personal guarantee of the borrower and also owner of collateral property shall be obtained.
BSC has no power even if the proposed loan is within its sanctioning limit and these proposals shall be placed before RLSC.
For other cases, loans will be sanctioned by the respective sanctioning authority.