SECI invites EOI from banks to extend Rs 4 bn loan for solar projects

02 Nov 2021 CW Team

One of the projects is 100 MWAC solar with a 40 MW per 120 MWh battery energy storage system (BESS) at Rajnandgaon, Chattisgarh. In July, SECI floated tenders for the engineering, procurement, and construction (EPC) of this 100 MW solar plant with land in Chhattisgarh.

The second project executed by SECI is a 100 MW floating solar PV plant in Getalsud Reservoir in Ranchi in Jharkhand. The proposal for this project is likely to be declared soon.

The deadline to present the tenders is 20th November 2021.

The projects are financed by a $200 million loan from the World Bank as part of its ‘Innovation in Solar Power and Hybrid Technologies’ program.

The net project value of the Rajnandgaon project is likely to be Rs 9.22 billion, which is planned to be financed with 80% debt and 20% equity. The World Bank will fund the project to the extent of 50%, amounting to Rs 4.355 billion. The anticipated domestic, commercial borrowings will be approximately Rs 2.607 billion.

The tariff limit for the Rajnandgaon project is Rs 4 per kWh. The electricity produced from the project would be obtained by the Chhattisgarh State Power Distribution Company, for which a power purchase agreement (PPA) has been inked and land handed over.

The net project value of the floating solar power plant in Jharkhand is evaluated at Rs 5.83 billion, which is planned to be backed with 80% debt and 20% equity. The World Bank will render a loan of Rs 2.44 billion, while the expected domestic commercial borrowings will be to the amount of Rs 1.464 billion.

The tariff for the floating solar plant will be capped at Rs 3.50 per kWh. The power produced will be acquired by the Jharkhand Bijli Vitran Nigam Limited.

Image Source

Also read: SECI invites bids for 1.2 GW ISTS-connected wind-solar hybrid plants
Also read: SECI's 2.5 GW grid-connected renewable project awarded to five bidders

Solar Energy Corporation of India (SECI) has asked for Expressions of Interest from banks to extend a term loan of Rs 4 billion with a tenor of 15 years to build two solar photovoltaic (PV) projects of 100 MW capacity each. One of the projects is 100 MWAC solar with a 40 MW per 120 MWh battery energy storage system (BESS) at Rajnandgaon, Chattisgarh. In July, SECI floated tenders for the engineering, procurement, and construction (EPC) of this 100 MW solar plant with land in Chhattisgarh. The second project executed by SECI is a 100 MW floating solar PV plant in Getalsud Reservoir in Ranchi in Jharkhand. The proposal for this project is likely to be declared soon. The deadline to present the tenders is 20th November 2021. The projects are financed by a $200 million loan from the World Bank as part of its ‘Innovation in Solar Power and Hybrid Technologies’ program. The net project value of the Rajnandgaon project is likely to be Rs 9.22 billion, which is planned to be financed with 80% debt and 20% equity. The World Bank will fund the project to the extent of 50%, amounting to Rs 4.355 billion. The anticipated domestic, commercial borrowings will be approximately Rs 2.607 billion. The tariff limit for the Rajnandgaon project is Rs 4 per kWh. The electricity produced from the project would be obtained by the Chhattisgarh State Power Distribution Company, for which a power purchase agreement (PPA) has been inked and land handed over. The net project value of the floating solar power plant in Jharkhand is evaluated at Rs 5.83 billion, which is planned to be backed with 80% debt and 20% equity. The World Bank will render a loan of Rs 2.44 billion, while the expected domestic commercial borrowings will be to the amount of Rs 1.464 billion. The tariff for the floating solar plant will be capped at Rs 3.50 per kWh. The power produced will be acquired by the Jharkhand Bijli Vitran Nigam Limited. Image Source Also read: SECI invites bids for 1.2 GW ISTS-connected wind-solar hybrid plants Also read: SECI's 2.5 GW grid-connected renewable project awarded to five bidders

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Infrastructure Urban

06 Feb 2026

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Infrastructure Urban

06 Feb 2026

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..