75 MW Solar PV Plant in Uttar Pradesh commences construction at site as Notice to Proceed is issued

London / Zurich (ots) - ThomasLloyd announced today that its' investee company
SolarArise India Projects Private Limited ("SolarArise") has issued the first
part of a Notice to Proceed ("NTP") to Jakson Limited to commence the
construction at its new 75 MW Solar PV Plant in Uttar Pradesh.

SolarArise has awarded the engineering, procurement and construction ("EPC")
contract to Jakson. The EPC contractor will initially finalise the design and
layout of the switchyard at the project site and then mobilise manpower to
commence construction activities. Current activities include soil testing,
topography, transmission route survey and electrical resistivity testing.

For the 75 MW project, SolarArise has executed project debt financing documents
with Power Finance Corporation Limited, a Government of India Undertaking and
India's largest power sector lender.

The Company has also signed the module supply contract with JA solar for the
supply of mono PERC modules.

About SolarArise India Projects Private Limited

SolarArise is an Indian focused project developer which develops, owns and
operates grid-connected solar PV projects in India. Other shareholders besides
ThomasLloyd are the Global Efficiency and Renewable Energy Fund (GEEREF),
advised by the European Investment Bank Group, the Core Infrastructure India
Fund (CIIF), managed by Kotak Mahindra Bank, and the founding team. Further
information can be found at: www.solararise.com

About ThomasLloyd Group

ThomasLloyd is a global investment and advisory firm dedicated to leading the
necessary process for social and environmental change, focusing exclusively on
the financing, construction and operation of sustainable projects in the
infrastructure, agriculture and property sectors. The range of services
comprises products and services through the entire value chain of these sectors.
In addition to the structuring, placement and management of impact investing
solutions, they include consulting and financing of projects and companies, as
well as digital financial services, particularly in investment brokerage,
investment advisory and asset management. Founded in 2003, ThomasLloyd is now
one of the world's leading impact investors and providers of climate financing.
Headquartered in Zurich and with over 250 employees in 17 locations in North
America, Europe and Asia, the company currently manages assets of over 3.5
billion Euros for more than 60,000 private and institutional investors. Further
information can be found at: www.thomas-lloyd.com

Contact:

For further information, contact:
ThomasLloyd Group
Press/Communication
Phone +49 (0)89 599 890 313
Fax +49 (0)89 599 890 323
public.relations@thomas-lloyd.com
www.thomas-lloyd.com

Additional content: https://www.presseportal.de/pm/103578/4533234
OTS: ThomasLloyd Global Asset Management GmbH

Original-Content von: ThomasLloyd Global Asset Management GmbH, übermittelt durch news aktuell