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English Release 1-November 2014
Date Month Year
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Ministry of New and Renewable Energy 08-August, 2011 15:31 IST
Financial Closure of Solar Power Projects
36 project developers who had signed Power Purchase Agreement (PPA) with NTPC Vidyut Vyapar Nigam (NVVN) for setting up of 615 MW capacity of grid power projects under the Jawaharlal Nehru National Solar Mission, in January, 2011 have reported financial closure by the due date of 9th July, 2011. The project developers were required to achieve financial closure in six months from the date of signing PPA.

In a written reply to a question in Rajya Sabha today, Minister of New and Renewable Energy Dr. Farooq Abdullah informed that NVVN has accepted the documents of financial closure of 35 project developers for setting up of 610 MW capacity. One project for 5 MW capacity has failed to meet the requirements.

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MA/VN
(Release ID :74051)

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