At Kullu-Manali, a hydro project of 12 MW in three stages on the same river front.
Construction not yet started and tentative start date – 01-Sep-2012 and 24 months for each stage. Last stage ending on 31-Oct-2014. Buyer can start construction with immediate effect.
All projects designed to run at 20% continuous overload during summer/ monsoon months.
Common pooling substation and 33kv transmission line from pooling station to substation.
i. 2.5 MW x 2 = 5 MW + 3.5 MW + 3.5 MW
ii. All approvals and clearances approved and obtained
iii. Commission Start date – Sep 2012 and Completion by Aug 2014
49% of the project will be company transferred and 51% pledged. Or directors changed with nominee director from Seller side.
Seller/Owner being localite will be involved with buyer till the end of project at each step so that no problem is faced by the buyer.
60-70% funding can be arranged from Nationalized Bank. This will provide the buyer a subsidy of INR 9.5 Cr against intr. Repayment of loan amount.
i. Project Cost for 12 MW ( land, plant machinery, civil etc.) is 84 Cr
ii. Premium will be charged by Seller/Owner – which covers cost for allotment charges, DPR, TEC, Forest Case Clearance, other approvals and NOCs required for bringing the project to this stage.
iii. Buyer to pay professional fees per MW to Plexus.
We have all the details and documents. Details can be only provided once Mandate is signed between Plexus and prospective buyer.