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MW only, subject to maximum refinance amount that can be availed as per scheme i.e. Rs. 10 Crores. • Projects viability affected, in view of tariff, abnormal fuel cost escalation issues & Force majeure conditions • Projects should have been commissioned during 01.04.2008 and 31.03.2013 • Project need to have an operational history for at least 3 year after commissioning of the project and the average 3 year PLF should be at least 20% (in case of plant operated for more than 3 years, then the average PLF of any 3 years) • The project shutdown period should not be more than 2 years continuously • The project should also have min. of average DSCR of 1.1 after taking into account refinance amount and should be able to service the loan • After revival of the project refinance loan amount will be released and in case the project is not revived, the sanction will be forfeited. Security Security for refinance from MNRE-UNDP/ GEF Biomass Power Project: The credit risk of the loan to the consumer will be fully taken by the scheduled BIOMASS commercial bank / financial institution. Refinance from MNRE-UNDP/GEF Biomass Power Project would be secured by charge on the book debts of the scheduled commercial bank / financial institution. Additional security such as charge on immovable properties / movable properties, guarantee of government, promoter, sponsor bank, etc. in favour of IREDA may be stipulated at the discretion of IREDA. Security for loans to borrowers at the primary level: The scheduled commercial banks and financial institutions may secure the loans extended by them to the primary borrowers by adequate security in accordance with their internal lending norms. This may include primary security of adequate value in the form of hypothecation / other charge over the assets financed or security of adequate value in the form of other assets The rate of interest on the refinance from IREDA to Banks/FIs will be two per cent per annum 57 energetica INDIA · NOV | DEC15


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