Lender’s Engineer for 4x5MW Grid Connected Solar PV Projects, Rajasthan, India

Power Finance Corporation, Government of India

Project: The Power Finance Corporation (PFC) extended financial assistance loans to 4 different 5MW solar PV projects. These projects are implemented under the “National Solar Mission” in the state of Rajasthan.

Our role: ITP India was appointed as the Lender’s Engineer for these projects. Our work included:

Due diligence:

  • Detailed due diligence of the project including project design, power evacuation, Power Purchase Agreements, project cost, EPC contracts and permits
  • Due diligence report with issuance of certificate for agreed loans

Project inspection:

  • Site visits for physical inspection
  • Assess the performance of the plant till 2nd year of operation post commissioning and report to lender
  • Review of operation and maintenance (0&M) plan and contracts
  • Assess the O&M activities including minimum plant performance assurance

Contact ITP India for details on how we can assist with your solar energy project.