Singareni Collieries Company Limited – 51% owned by Telangana state with the federal government holding the remaining stock – recently issued a request for financing to borrow 70% of the cost of the project – estimated at Rs953 crores – on a 12-year deal.
The request for financing stated the public company will fund the remaining Rs408.5 crores.
According to the mining company’s paperwork, the nine PV projects will range in size from 60 MW schemes at Yellandu and Mandamarri down to 10 MW installations at Bhupalpalli and the Singareni Thermal Power Plant in the village of Pegadapalli, and will also include a 50 MW project, two of 30 MW and two of 25 MW in scale.
The scheme has been agreed with the Solar Energy Corporation of India and Telangana grid operator TSTRANSCO.
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