Recent 4 GW Project Win Is Value Accretive
Projects Commissioned - Utility
As of March 31, 2020
Project Names
Commercial
Operation
Date(1)
PPA Capacity
(MW)
Duration
DC Capacity
(MW)
Tariff
(INR/kWh)
Off taker
of PPA in
Credit Rating (6)
Years
Operational - Utility
Punjab 1 (3)
Q4 2009
Punjab 2.1 (3)
Q3 2014
Punjab 2.2 (3)
Q4 2014
Punjab 2.3 (3)
Q4 2014
Karnataka 1 (3)
Q1 2015
Uttar Pradesh 1 (3)
Q1 2015
Gujarat 1.1 (3)
Q2 2011
Gujarat 1.2 (3)
Q4 2011
Rajasthan 1 (4)
Q4 2011
Rajasthan 2.1(4)
Q1 2013
20
Rajasthan 2.2(4)
Q1 2013
15
2554255525
15
15
15
15
255
17.91
7.67
4
7.97
8.28
10
10
Rajasthan 3.1 (3)
Q2 2015
20
0255572
10
7.47
12
8.99
15.00(5)
15.00(5)
NTPC Vidyut Vyapar Nigam Limited
Punjab State Power Corporation Limited
Punjab State Power Corporation Limited
Punjab State Power Corporation Limited
Bangalore Electricity Supply Company Limited
Uttar Pradesh Power Corporation Limited
Gujarat Urja Vikas Nigam Limited
Gujarat Urja Vikas Nigam Limited
25
AAA
25
A
25
25
< A
A
25
A+
12
A+
25
AA-
25
AA-
21
11.94
8.21
NTPC Vidyut Vyapar Nigam Limited
25
AAA
NTPC Vidyut Vyapar Nigam Limited
25
AAA
17
8.21
5.45(2)
Rajasthan 3.2 (3)
Q2 2015
40
43
5.45(2)
Rajasthan 3.3 (3)
Q2 2015
40
41
5.45(2)
NTPC Vidyut Vyapar Nigam Limited
Solar Energy Corporation of India
Solar Energy Corporation of India
Solar Energy Corporation of India
25
AAA
25
AA+
25
AA+
25
AA+
Chhattisgarh 1.1(4)
Q2 2015
10
10
6.44
Chhattisgarh 1.2(4)
Q2 2015
10
10
6.45
Chhattisgarh 1.3(4)
Q3 2015
Rajasthan 4 (3)
Q4 2015
Delhi 1.1
Q4 2015
Karnataka 2(4)
Q1 2016
Andhra Pradesh 1 (3)
Q1 2016
Punjab 3.1(4)
Q1 2016
24
Punjab 3.2(4)
Q1 2016
205200+
10
10
6.46
6
5.45(2)
2
5.43(2)
Chhattisgarh State Power Distribution Company Ltd
Chhattisgarh State Power Distribution Company Ltd
Chhattisgarh State Power Distribution Company Ltd
Solar Energy Corporation of India
Solar Energy Corporation of India
25
A
25
A
25
A
25
AA+
25
AA+
10
12
6.66
54
6.44(5)
25
4
7.19
7.33
Bangalore Electricity Supply Company Limited
Southern Power Distribution Com of AP Ltd
Punjab State Power Corporation Limited
Punjab State Power Corporation Limited
25
A+
25
BB-
25
A
25
A
(1) Refers to the applicable quarter of the calendar year. There can be no assurance that our projects under construction and our committed projects will be completed on time or at all., (2) Projects are supported by
viability gap funding in addition to the tariff, (3) Projects under Restricted Group (4) Non restricted group projects with operations more than one year considered for covenant analysis, (5) Current tariff, subject to
escalation/change, as per PPA (6) Source: Ministry of Power 7th Annual Integrated Rating, ICRA, CARE, CRISIL and India Ratings
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