Scheme for purchase of new Windmill


           I
ndia has been rated as one of the most promising countries for wind power development, with an estimated potential of 48500 MW.  Around 11807 MW have been installed in the country as on 31st March 2010 so far with the active participation of private sector investors.  An environment for commercial exploitation has been evolved by various commercial initiatives of the Government.

          Tamilnadu is the forerunner in this sector.  The State has an installed capacity of 5530 MW as of 31st March 2010 and has tremendous potential for growth in this sector.

          TIIC has acquired expertise in funding this sector and can guide its clients in the right direction, from selection of Wind Turbines upto choosing the appropriate type of financing.  TIIC is operating wind mill scheme for units in the manufacturing sector, service sector and for standalone projects, where upto 75% of the project cost is funded.

Eligible Borrower   Any new or existing unit
Promoter's Contribution   25% (minimum)
Debt Equity Ratio   Overall  2.00  :  1.00
Repayment Period   Ranging from 5 to 7 years including a holiday of 6 months to 1 year.
Collateral Security As per existing norms of the Corporation, it will be decided on a case to case basis on merits.

Quantum of Loan:  The maximum exposure considered under the scheme is given below:

Constitution Individual Group
[Rs. in Crores]
Proprietary 15 30
Partnership 15 30
Private / Public Limited Companies 30 40

Click here for details on scheme for purchase of used windmill

Click here for Rate of Interest

Page modified on 12.09.2012

 

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