Hydro Power Project Raising Funds In Kerala
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Product / Service
Electrical Energy
Clientele type
Kerala State Electricity Board Limited
Premises
Land to be acquired
Asking Price Includes
80% stake of the project
Reason
The entrepreneur plans to implement this project as a joint-venture and intends to sell off an 80% stake to a potential investor at INR 2 Crores.
Other Details
He is an entrepreneur in the Renewable Energy Sector, presently leading a Private Limited company that is developing a 4 MW hydro power project in Idukki district, Kerala.
He identified this 10 MW hydro power project site in 2017 and has conducted preliminary investigations, collected databases, and conducted engineering studies over the past 5-6 years.
He has obtained preliminary clearances from the Department of Power, Department of Irrigation, KSEB Ltd, and the Local body to implement this project as an 'Own-Land' category project as it will be executed on private land.
Unlike BOOT projects allocated by the Government through a competitive bidding process, Own-Land projects will remain as the sole asset of the project developer forever.
There is a 66 kV line passing at a distance of 3 km.
A new 110 kV substation is under construction at a distance of 6 km.
The estimated annual power generation is 28-30 million units, and at INR 4.50 per unit, the estimated annual revenue shall be 13.50 Crores.
The estimated Project Cost ranges from INR 80 - 90 Crores.
Business Tags
₹10 to ₹200 Cr
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