IREDA-NCEF Refinance scheme “revival of the operations of existing biomass power & small hydro power projects affected due to unforseen circumstances”
A large number of renewable energy projects in the recent past have been affected/ suffered difficulties in view of uncertainties in policy/regulatory
matters such as low tariffs, higher wheeling and banking charges, cancellation of PPAs, higher transmission & cross subsidy charges, in addition to abnormal escalation of biomass fuel costs (in case of Biomass Power Projects) apart from the force majeure conditions such as floods, cloud bursts, draught etc. Due to the above unforeseen circumstances, the projects viability & ability to repay the loan has been affected. In order to overcome these difficulties to some extent and to improve the viability of the above projects, it is proposed to use the NCEF funds for refinancing of their loans outstanding (including Funded Interest Term Loan, FITL).
For More Information Pls.Go Through Below Attached Documents…