Today Homes & Infrastructure Pvt Ltd (THIPL) is a well-established enterprise in the field of Real Estate Development. Company also have credentials in power sector and it was the time when they were planning to increase their portfolio in solar energy sector. FirstGreen advised THIPL for the investment strategy and for that point of time JNNSM Ph-II Batch I opportunity was available. We discussed this opportunity with them. They find this as a good option to start their investment in solar. They appointed FirstGreen as bid advisory consultant.
There are loads of parameter like technical feasibility, competitors, capital investment required, surety of debt arrangement,winning bid price etc which needs to be closely evaluated before filling a bid. We have arranged meeting with some good EPC players, module/ inverter manufacturers, and financial institutions. With the preliminary estimated provided by the various vendors, we have conducted financial modelling. Then we shared the scope of negotiation and different business modals which can be adopted to execute the project. we also presented an analysis showcasing the impact of different modal on profitability of the project. Furthermore, we prepared all the documents required for the bid submission and subsequently submit the bids.
Now, THIPL has bagged 70 MW capacity in its accounts. FirstGreen is associated with the group and providing project management services. We have conducted feasibility and thereafter prepared the Detailed Project Report. FirstGreen and THIPL negotiating with several module, inverter and other major equipment manufactures and suppliers. FirstGreen suggested innovative ways of implementing a solar project like de-bundling of EPC contract, self procurement of major equipments etc were proposed. projected is expected to commission in early months of 2015.
Highlights of the project:
THIPL has filed their bid and won 50 MW capacity. 30 MW in DCR category and 20 MW in OPEN category. Proposed location for this 50 MW is Rajasthan and Power shall be sold to SECI. Proposed PV technology is poly-crystalline[/ezcol_1half]