OTS - 75 MW Solar PV Plant in Uttar Pradesh commences construction at site as Notice to Proceed is issued
2020. February 28. 11:00
London, Zurich, 28 February, 2020 (APA/OTS) - ThomasLloyd announced
today that its' investee company SolarArise India Projects Private
Limited ("SolarArise") has issued the first part of a Notice to
Proceed ("NTP") to Jakson Limited to commence the construction at
its new 75 MW Solar PV Plant in Uttar Pradesh.
SolarArise has awarded the engineering, procurement and
construction ("EPC") contract to Jakson. The EPC contractor will
initially finalise the design and layout of the switchyard at the
project site and then mobilise manpower to commence construction
activities. Current activities include soil testing, topography,
transmission route survey and electrical resistivity testing.
For the 75 MW project, SolarArise has executed project debt
financing documents with Power Finance Corporation Limited, a
Government of India Undertaking and India's largest power sector
lender.
The Company has also signed the module supply contract with JA
solar for the supply of mono PERC modules.
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For further information, contact:
ThomasLloyd Group
Press/Communication
Phone +49 (0)89 599 890 313
Fax +49 (0)89 599 890 323
public.relations@thomas-lloyd.com
www.thomas-lloyd.com
About SolarArise India Projects Private Limited
SolarArise is an Indian focused project developer which
develops, owns and operates grid-connected solar PV projects in
India. Other shareholders besides ThomasLloyd are the Global
Efficiency and Renewable Energy Fund (GEEREF), advised by the
European Investment Bank Group, the Core Infrastructure India Fund
(CIIF), managed by Kotak Mahindra Bank, and the founding team.
Further information can be found at: www.solararise.com
About ThomasLloyd Group
ThomasLloyd is a global investment and advisory firm dedicated
to leading the necessary process for social and environmental
change, focusing exclusively on the financing, construction and
operation of sustainable projects in the infrastructure,
agriculture and property sectors. The range of services comprises
products and services through the entire value chain of these
sectors. In addition to the structuring, placement and management
of impact investing solutions, they include consulting and
financing of projects and companies, as well as digital financial
services, particularly in investment brokerage, investment advisory
and asset management. Founded in 2003, ThomasLloyd is now one of
the world's leading impact investors and providers of climate
financing. Headquartered in Zurich and with over 250 employees in
17 locations in North America, Europe and Asia, the company
currently manages assets of over 3.5 billion Euros for more than
60,000 private and institutional investors. Further information can
be found at: www.thomas-lloyd.com
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