| Q1. |
In
India where can the Wind Farm can be installed? |
| Ans. |
In India the Windfarms 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.
|
| Q2. |
What
is the minimum size of Wind Turbine that IREDA provides finance for? |
| Ans. |
IREDA
provides finance for Wind Farm projects having eligible machines of minimum
capacity 225 kW and above.
|
| Q3. |
What is IREDA’s Equipment Financing Scheme for Wind Sector? |
| Ans. |
IREDA’s Equipment Financing Scheme for Wind Sector is for sanctioning loan upto
1.00 MW Wind farm project. It provides finance upto 75%(Subject to change as
per IREDA’s guidelines applicable at the time of loan sanction)of the eligible machine cost.
|
| Q4. |
What is IREDA’s Project Financing Scheme? |
| Ans. |
IREDA’s Project Financing Scheme is for sanctioning loan where selection of
machines are based on RFQ (Request for Quotation) evaluation procedure. It
provides finance upto 70%(Subject to change as
per IREDA’s guidelines applicable at the time of loan sanction)of the eligible project
cost.
|
| Q5. |
What is IREDA’s Project Financing Scheme for Wind Sector? |
| Ans. |
IREDA’s 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 upto 70% (Subject to change as per IREDA’s guidelines applicable at the time of loan sanction)of the eligible project cost.
|
| Q6. |
Does IREDA provide finance to second hand Wind Farm Project or Equipment? |
| Ans. |
IREDA
does not provide finance for second hand Wind Farm Projects and Equipment.
|
| Q7. |
What are the securities IREDA stipulates against the financing of a Wind Farm Project
or Equipment? |
| Ans. |
IREDA stipulates security against the financing of a Wind Farm Project or
Equipment as per IREDA’s financing guidelines, risk perception nature of
industry and background of each case.
|
| Q8. |
What
is a Moratorium Period and what is the maximum
moratorium period available in Wind
Sector? |
| Ans. |
The moratorium period is the period during which borrowers repay only interest
on loan and the maximum moratorium period available in Wind Sector is upto one year.
|
| Q9. |
Can an individual apply for loan to IREDA for setting up a Wind farm
Project? |
| Ans. |
Yes, if security of Bank Guarantee/Pledge of FDR issued by from scheduled
Commercial Bank is provided.
|
| Q10. |
Which machines are eligible for IREDA’s finance? |
| Ans. |
The machines, which are approved by MNES, are eligible for IREDA’s
finance.
|
| Q11. |
What is the list of assets? |
| Ans. |
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/Authorised Director of the company and
countersigned by the statutory auditor of the company.
|
| Q12. |
Is
there any MNES subsidy available for setting up Wind Farm Project under IREDA’s finance? |
| Ans. |
There is no MNES subsidy available for setting up Wind Farm project under IREDA’s finance
|
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