> Financing Norms
Last Updated on : 08/12/2016
Financing Norms
FINANCING NORMS AND SCHEMES /वित्तपोषण मानक और योजना w.e.f. 29.06.2016
1. Loan against Securitization of Future Cash Flow of Renewable Energy Projects

 

  1. Bridge loan against GBI Claims Payable to Renewable Energy Developers under MNRE Scheme for Generation Based Incentive (GBI) for grid interactive Wind and Solar power projects

    4.       IREDA to take up the role of lead FI under Consortium/Syndicated   Loans/ Multi banking arrangements by charging Lead Fee.

5.   Loan Scheme for Rooftop Solar PV  Power Projects for Commercial, Industrial and Institutional  Sector.   

      6. IREDA Scheme for discounting of Energy bills.

     7. “Credit Enhancement Guarantee Scheme” for raising 

8. IREDA's New Loan Scheme on Concentrated Solar Thermal project under GEF-UNIDO-MNRE Scheme 

Bonds towards Renewable Energy Projects (Solar / Wind)

Interest Rate matrix for Sectors w.e.f. 01-11-2015 Onwards

S. No.

BORROWER / SECTOR

Grade I

Grade II Grade III Grade IV

1

Schedule A,'AAA' Rated PSUs (Net)

9.90 %

2

State Sector Borrowers (Net)

9.90%

10.20% 10.50% 10.75%

3

LoC for Refinance and other

Borrowing Cost* + 1.00% to 2.00% (Spread)

4

Roof top Solar

10.05% 10.30% 10.60% 10.90%

5

Wind Energy, and Grid Connected Solar PV

10.20 % 10.95 % 11.10% 11.40 %

6

Co-generation, Hydro and CSP

10.50%

11.20% 11.45% 11.70%

7

Energy Efficiency , Energy Conservation & Solar Thermal /Solar PV Off-Grid, Biomass Power and other sector

10.60%

11.25% 11.65% 11.90%

8

Manufacturing (All sectors) Existing units - 11.70% Green Field - 11.90%

Note :

  1. Reduction in interest rates over and above the applicable interest rates by 25 bps, 20 bps and 15 bps for Grade –I, Grade- II and Grade-III of external grading’s respectively. (Irrespective of IREDA’s internal grading) Except forserial no. 1 & 2 of above.
  2. Prompt payment rebate of 15 bps on the applicable interest rate, if the installments of interest and Principal are paid in full, on due dates Except for serial no.1 & 2 of above. The prompt payment rebate is applicable to projects wherein first disbursement is effected on (or) after 28.07.2015.
  3. Reduction in Interest rate over and above the applicable interest rates by 25 bps for Repowering of wind energy projects.
  4. Additional Interest @ 0.50% over and above the applicable rate of interest shall be charged till the date of commissioning of the project other than Wind and Solar sector. No additional interest during construction for (i) “Schedule-A, ‘AAA’ rated PSUs (ii) State Sector Borrowers who are engaged in power sector and have successfully implemented not less than 200 MW of hydroelectric projects and implementing Hydro sector projects.
  5. In case of loans sanctioned for manufacturing facilities, no additional interest during the construction period shall be charged.

Please Note:

  • Interest rates indicated above are variable and may be changed any time as and when decided by IREDA
  • Interest Rate prevailing at the time of each disbursement shall apply


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