Upcoming Solar Power Project Raising Funds in Bangalore
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About Business
The promoters of the venture bring over 25 years of technical and engineering experience and are now expanding into the solar energy sector. They are in the process of establishing a solar power plant, backed by a proficient in-house EPC (Engineering, Procurement, and Construction) team.
An electricity board order for 5.26 MW has already been secured, and the Letter of Intent (LoI) is currently underway.
The project benefits from access to low-cost land, with 25 acres leased at an annual rent of just INR 55,000 per acre.
Procurement of materials and construction of the plant’s infrastructure are actively in progress.
The founder has obtained all necessary approvals, and the legal and regulatory requirements for the project have been fully complied with.
Clientele type
The government will serve as the direct client, with the primary offtaker being the State Electricity Board.
Premises
LEASED
Lease per month (in INR): 55.00 K
Security Deposit (in INR): 2.50 L
Carpet Area: 2,000 sq ft
Asking Price Includes
The terms of the deal transaction will be discussed with the potential investors.
Asking Price
INR 25.00 Cr
Minimum ticket size
INR 5.00 Cr
Reason
The founder is looking for an investor to commence the operation.
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₹10 to ₹200 Cr
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