tiic.org Wind Power Project Scheme Tamil Nadu : Industrial Investment Corporation
Organisation : Tamil Nadu Industrial Investment Corporation Ltd
Facility : Wind Power Project Scheme
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Wind Power Project Scheme : https://www.tiic.org/
Home Page : https://www.tiic.org/
Wind Power Project Scheme
** India has been rated as one of the most promising countries for wind power development, with an estimated potential of 48500 MW.
Related : TIIC Doctor Plus Scheme Tamil Nadu : www.statusin.in/20300.html
** Around 11807 MW have been installed in the country as on 31st March 2010 so far with the active participation of private sector investors.
** An environment for commercial exploitation has been evolved by various commercial initiatives of the Government.
** Tamilnadu is the forerunner in this sector.
** The State has an installed capacity of 5530 MW as of 31st March 2010 and has tremendous potential for growth in this sector.
** TIIC has acquired expertise in funding this sector and can guide its clients in the right direction, from selection of Wind Turbines upto choosing the appropriate type of financing.
** TIIC is operating wind mill scheme for units in the manufacturing sector, service sector and for standalone projects, where upto 75% of the project cost is funded.
Eligible Borrower | Any new or existing unit | ||||||||||||||
Promoter’s Contribution | 25% (minimum) | ||||||||||||||
Debt Equity Ratio | Overall 2.00 : 1.00 | ||||||||||||||
Repayment Period | Ranging from 5 to 7 years including a holiday of 6 months to 1 year. | ||||||||||||||
Collateral Security | As per existing norms of the Corporation, it will be decided on a case to case basis on merits. | ||||||||||||||
Quantum of Loan: The maximum exposure considered under the scheme is given below:
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Scheme for purchase of used Windmill | |||||||||||||||||||||
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