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.