Recent 4 GW Project Win Is Value Accretive
Projects Commissioned- Utility and C&I
As of March 31, 2020
Project Names
Commercial
Operation
Date(1)
PPA
Capacity
DC Capacity
(MW)
Tariff
(INR/kWh)
(MW)
Off taker
Duration
of PPA in
Years
Credit Ratings5)
Operational - Utility
Bihar1 (4)
Q3 2016
10
11
8.39
Punjab 4.1(3,4)
Q4 2016
50
52
5.62
Punjab 4.2(3,4)
Q4 2016
50
52
5.63
Punjab 4.3(3,4)
Q4 2016
50
52
5.64
Karnataka 3.1 (4)
Q1 2017
50
54
6.51
Karnataka 3.2(4)
Q1 2017
40
42
6.51
Karnataka 3.3(4)
Q1 2017
40
42
6.51
Maharashtra 1.1
Maharashtra 1.2
Uttar Pradesh 2
Telangana 1(4)
Q1 2017
2
2
5.50(2)
Q1 2017
5
6
5.31
North & South Bihar Power Distribution Company
Ltd
Punjab State Power Corporation Limited
Punjab State Power Corporation Limited
Punjab State Power Corporation Limited
Chamundeshwari Electricity Supply Company
Hubli Electricity Supply Company Limited
Gulbarga Electricity Supply Company Limited
Ordnance Factory, Bhandara
Ordnance Factory, Ambajhari
25
Andhra Pradesh 2
Q2 2017
100
130
5.12
NTPC Limited
Q2 - Q3 2017
50
59
4.78
NTPC Limited
Q1 2018
100
128
4.67
NTPC Limited
Uttar Pradesh 3
Q2 2018
40
49
4.43(2)
Solar Energy Corporation of India
Andhra Pradesh 3
Q2 2018
50
59
4.43(2)
Solar Energy Corporation of India
Gujarat 2
Q4 2018-
260
360
2.67
Gujarat Urja Vikas Nigam Limited
222222222222222
25
25
25
25
25
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B+
A
A
A
A
25
BB
A
25
AA+
25
AA+
25
AAA
25
AAA
25
AAA
25
AA+
25
AA+
25
AA-
Q1-2019
Karnataka 4.1
Q1 2019
50
75
2.93
Bangalore Electricity Supply Company
25
A+
Karnataka 4.2
Q1 2019
50
75
2.93
Hubli Electricity Supply Company Limited
25
BB
Rajasthan 5(2)
Maharashtra 3
Q2-Q3 2019
200
262
2.48
Solar Energy Corporation of India
25
AA+
Q3 2019
130
195
2.72
Maharashtra State Electricity Distribution Company
Limited
25
A
Total Operational Capacity –
Utility
1,658
2,055
Total Operational Capacity -
C&|(4,5)
-
2013 - Q1
2020
150
Total Operational
1,808
150
2,194
5.56(3)
Various
25
25
(1) Refers to the applicable quarter of the calendar year. (2) Projects are supported by viability gap funding, in addition to the tariff, (3) Includes projects with capital incentives; levelized tariff, (4) Projects under Restricted
Group (5) Punjab Rooftop, 10 MW is in Restricted Group (5) Source: Ministry of Power 7th Annual Integrated Rating, ICRA, CARE, CRISIL and India Ratings
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