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Frequently Asked Question (FAQ)

Wind Energy

Answer

There is no MNES subsidy available for setting up Wind Farm project under JREDAs finance

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- The list of assets consists of details of all equipment and machinery including land for the project with corresponding cost. The list assets should be certified by the Managing Director/Authorized Director of the company and countersigned by the statutory auditor of the company.

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The machines, which are approved by MNES, are eligible for JREDAs finance.

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- Yes, if security of Bank Guarantee/Pledge of FDR issued by from scheduled Commercial Bank is provided.

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- The moratorium period is the period during which borrowers repay only interest on loan and the maximum moratorium period available in Wind Sector is up to one year.

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JREDA stipulates security against the financing of a Wind Farm Project or Equipment as per JREDAs financing guidelines, risk perception nature of industry and background of each case.

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JREDA does not provide finance for second hand Wind Farm Projects and Equipment.

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JREDAs Project Financing Scheme for the Wind Sector is for sanctioning loan where selection of machines are based on RFQ (Request for Quotation) evaluation procedure. It provides finance up to 70% (Subject to change as per JREDAs guidelines applicable at the time of loan sanction) of the eligible project cost.

Answer

JREDAs Project Financing Scheme is for sanctioning loan where selection of machines are based on RFQ (Request for Quotation) evaluation procedure. It provides finance up to 70%(Subject to change as per JREDAs guidelines applicable at the time of loan sanction) of the eligible project cost.

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- JREDAs Equipment Financing Scheme for Wind Sector is for sanctioning loan upto 1.00 MW Wind farm.

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- JREDA provides finance for Wind Farm projects having eligible machines of minimum capacity 225 kW and above.

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- In India the Wind farms can be installed at MNES identified potential sites, where it has a mean annual wind power density of 200 W/m2 or more at 50m above ground level.