M/s MBP Solar Private Limited, a SPV of M/s Patil Construction & Infrastructure Limited (PCIL), is proposing to install a 40 MW grid interactive solar PV power project at Lingi village, Aurad Taluk, Bidar District in the State of Karnataka. Recognizing the potential of solar energy for the country and the need for augmentation of conventional grid through non-conventional sources of energy, especially solar energy, Ministry of New and Renewable Energy (MNRE) has come out with some path-breaking policy initiatives for financial support of grid connected solar PV power plants in the country. As part of that initiative it called for tenders and M/s PCIL has successfully bid and won 40 MW project After e-Reverse Auction, to be set up in Bidar, Karnataka.
The system configuration of the proposed power plant is as follows:
- The capacity of the power plant will be of 40 MW with expected electrical energy generation for sale will be approximately 84.72 MU/annum with average performance ratio of 76.8%.
- M/s MBP Solar Private Limited have entered into a Solar Energy Power Purchase Agreement (PPA) with Solar Energy Corporation of India Limited (A Govt. of India Enterprise)
- The Solar Modules will generate DC power which will be converted by Inverters, to AC at 400V, which in turn will be stepped up to 33 /110 KV voltage level and evacuated 110KV KPTCL 33 /110 KV sub-station at Dongergaon Tal-Aurad ,Dist –Bidar.
- Land: 225 acres is available 9 km away from 33/110kV KPTCL Dongergaon Transmission Substation.
- At the site: Average GHI = 1934 kWh/m2/year and GNI = 2489 kWh/m2/year (Data Source: NREL weather satellite data & geographic information system (GIS) )
| Sr. No | Particulars | Details |
|---|---|---|
| 1 | Company | M/s MBP Solar Private Limited |
| 2 | Promoting Company | M/S. Patil Construction & Infrastructure Limited |
| 3 | Project Capacity | 40 MW |
| 4 | Project Location |
Village: Lingi, Taluk: Aurad, District: Bidar, State: Karnataka Nearest Railway Station: Bidar – 31 Km Nearest Sea Port: Mumbai – 595 Km Nearest Airport: RGIA, Hyderabad -179 Km |
| 5 | Geographical Co-ordinates of the site |
Latitude: 18.36o 2nd N Longitude: 77.36o E Altitude: 507 Mtrs above sea level |
| 6 | Technical information | |
| a) Type of System | Single Axis Tracking System (SAT) | |
| b) Type of PV modules | Multi crystalline | |
| c) Capacity of each Module | 320 Mp. | |
| d) Invertors Capacity | 1000 KW each | |
| Revenue Information | ||
| a) Revenue Source | 25 years PPA with SECI (already in Signed ) | |
| b) Tariff | Rs. 4.43/Unit (KWh) | |
| c) Viability Gap Funding (VGF by GOI) | Rs 29.40 Crores (@ Rs 73.49 Lakh/MW) | |
| d) Estimated power generation | 8,47,28,907 Units (KWh)/annum @ PLF of 21% | |
| e) Expected Life of Power Plant | 30 Years | |
| 7 | Financial Highlights | |
| a) Project Cost | Rs 256.00 Crores | |
| b) Debt: Equity | 80:20 | |
| c) Loan Tenor | 12 years,1 Month | |
| d) Moratorium period | 2year 1 Month including 13 months for construction | |
| e) Interest Rate | To be negotiated | |
| f) Project IRR (Post – tax) | 11.20% | |
| g) Equity IRR (Post – tax) | 14.67% | |
| h) DSCR (Average) | 1.42 (Minimum: 1.20) | |
| i) Pay-back period | 7 years 3 months |
Project At A Glance
| Developer | M/s MBP Solar Private Limited, (a SPD of M/S Patil Construction & Infrastructure Limited) |
|---|---|
| Project Installed Capacity | 40 MW (AC) |
| Land | 225 Acres |
| Solar module type | Poly Crystaline Modules |
| Capacity of each module | 320 Wp |
| No. of modules | 1,37,500 |
| Module Mounting Structure | Single Axis Tracking system. MS Galvanised. 40 Modules per row |
| No. of Module Rows | 3438 |
| No. Of Module strings | 6875 (of 20 Modules each) |
| No. of String Combiner Boxes | 286 (24 IC & 1 OG) |
| Invertors | 40 Nos of (1MVA each) |
| Transformers | 20 Nos of 2.2 MVA each, 2 Nos of 22 MVA each and 1 100 KVA (for auxiliary consumption) |
| BoP (Cables, VCB’s, earthing, lightening, SCADA systems, etc) | As required |
| Estimated Power Generation | |
| Power Evacuation | Through 9km ,110 KV transmission line |
| Mode of Implementation | Through EPC (Engineering, Procurement and Construction). |
| Project Time frame | Six (6) months from the date of Financial Closure |
| Project Cost | Rs 256.00 Crores |
| Estimated Power Generation | 84728907 Units (in the first year) |
| Estimated Revenue from sale of power | Rs 37.53 Crores (in the first year) |