Equity Funding and Strategic Update
Under Construction & Committed Projects - Utility and C&I
as on 31st Jan 20
Project Names
Expected
Commercial
Operation Date(1)
PPA Capacity
(MW)
Tariff
(INR/kWh)
Off taker
Duration
of PPA in
Years
Credit Ratings (3)
Under Construction
Assam 1
Q2 2020
90
3.34
Assam Power Distribution Company
25
B+
Total Under Construction- Utility
90
Total Under Construction- Rooftop Q4 2020- Q2 2020
21
4.83
Various
25
Total Capacity Under Construction
111
Committed
Rajasthan 6
Q4 2020
600
2.53
Solar Energy Corporation of India
25
AA+
Rajasthan 8
Rajasthan 9
Q4 2020
300
2.58
Solar Energy Corporation of India
25
AA+
Q2 2021
300
2.54
Solar Energy Corporation of India
25
AA+
2 GW Project 1
2000(3)
2.92
Solar Energy Corporation of India
25
AA+
2 GW Project 2
2000(4)
2.92
Solar Energy Corporation of India
25
AA+
Total Committed Capacity- Utility
5,200
Total Portfolio
7,115
(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) Source: Ministry of Power 7th Annual Integrated Rating, ICRA, CARE, Crisil and India Ratings
(3) LoA received. PPA yet to be signed
(4) Company has elected to exercise greenshoe under auction guidelines but has not received LOA
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