Corrigendum to Request for Proposal (RFP) for sanction of Term Loan of ₹660 Crores for 200 MW Solar PV Power Project at Dhar, Madhya Pradesh – EQ

Summary:

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## Key Amendments (Business Impact)

| Parameter | Earlier Term | Amended Term | Business Implication |
|———–|————–|—————|————————|
| **Reset Period** (Sr. No. 7, Annexure) | Not less than **6 months** | Not less than **3 months** | ✅ **Higher flexibility for banks** – shorter reset period allows lenders to reprice the loan sooner in response to market interest rate changes, reducing interest rate risk. |
| **Bid Submission Due Date** | 24th April 2026 | **11th May 2026** | ✅ **Additional 17 days** for due diligence, internal approvals, and proposal preparation – critical for large-ticket infrastructure financing. |

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## Unchanged Terms

All other terms and conditions of the original RFP remain the same. This corrigendum forms an **integral part** of the RFP.

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## Strategic Takeaway for Banks/FIs

1. **Improved lender-friendly condition** – shorter reset period (3 months instead of 6 months) makes the loan more attractive in a volatile interest rate environment.
2. **Extended timeline** – more time to submit a competitive bid without rushing.
3. **Project context** – This 200 MW Dhar project is part of SECI’s 1,200 MW CPSU Scheme allocation, with expected SCOD of **22nd May 2027**, and power sold to Madhya Pradesh Power Management Company Limited (MPPMCL).

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