based. Maximum loan limit – Rs.10.00
|Debt Equity Ratio
here for Rate of Interest
Years including holiday period of 3
[In the form of land and building]
on the loan amount, if age of the
windmill is less than or upto 6 years.
100% on the loan amount, if age of the
windmill is above 6 years.
Cost of the proposed used windmill
will be restricted to the least of
Actual cost quoted by the seller.
50% on the original invoice price.
The valuation made by our Panel Engineer.
|The Wind Mill should have already been connected to the grid
and all necessary infrastructure
facilities should be available at the
Wind Mill site. And there should be no
of the machine should not be more than
purchaser of the second - hand wind
mill shall enter into
Power Purchase Agreement (PPA) with TNEB and the necessary
approval obtained for the change of
ownership before release of last
10% of the loan amount.
the wind mill had been purchased
through a loan from another FI or
the seller should produce NOC
from the lender for the
release of documents pertaining to the
wind mill directly to TIIC
land should be registered in the name
of the purchaser and has to be
mortgaged in favour of TIIC soon after
here for details on scheme for purchase of new windmill
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