PROJECT

Projects

Summary of Investment Information

Project Number

30053

Company Name

SEI Solar Power Private Limited

Date SPI Disclosed

Nov 16, 2012

Country

India

Region

South Asia

Projected Board Date

Jan 10, 2013

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Nov 30, 2016

Department

Regional Industry - INF Asia & Pac

Industry

Infrastructure

Previous Events

Approved : Feb 22, 2013
Signed : Mar 15, 2013
Invested : Nov 12, 2013

Sector

Solar - Renewable Energy Generation

Additional Project Attributes

Public-Private Partnerships

Project Description

The project is to develop, construct, own and operate a 24MWp greenfield solar PV power plant (“the Project”). The Project is being executed as a joint venture between SunEdison Energy Holding (Singapore) Pte. Ltd (“SingCo”) an IFC investee and Astronergy Solar Korea Co. Ltd. (“ASK”) a subsidiary of Chint Solar (Zhejiang) Co., Ltd, a CHINT Group company. The Project was competitively awarded under the second batch of first phase of India’s Jawaharlal Nehru National Solar Mission (“JNNSM”).

The total output of the Project will be sold to the state owned power trading company, NTPC Vidyut Vyapar Nigam Ltd, (“NVVN” or the “Offtaker”), under a year 25 PPA signed on January 2012. NVVN is a wholly owned subsidiary of NTPC Ltd - the largest Indian state-owned generator of thermal power based in New Delhi. The deadline for commissioning is February 2013.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation