NVVN first batch Phase I of JNNSM

Recently during the 5th Renewable Energy Expo in New Delhi,  Shri Deepak Gupta, Secretary MNRE announced that NVVN has informed MNRE that all solar developers from first batch of Phase I have achieved financial closure.  This excludes 2 projects that were canceled.

I find it somewhat tough to believe that all projects could achieve financial closure. With couple of IREDA projects still looking at funding; I am sure there would still be some NVVN projects that are looking at financial closure.

Any opinion / on-ground feedback welcome.

This entry was posted in Finance and tagged , , , , , , , , , , , , , , , , , , , , , . Bookmark the permalink.

One Response to NVVN first batch Phase I of JNNSM

  1. Mohit says:

    hi, I recently had a talk with a large international project developer who said that they are still getting requests for equity participation from projects in the NSM. Therefore, I too am rather skeptical of that fact that all projects have attained financial closure. I am with a business consulting firm called BRIDGE TO INDIA and our sense so far has been that not more than 100MW of 150MW of PV could have attained financial closure. Your thoughts?


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s