SECI is seeking proposals from banks and financial institutions for a Rs 1000 crore term loan to finance a 300MW Solar Project in Ramagiri, Andhra Pradesh, with an estimated cost of Rs 1418.65 crore. The project will be funded with a 70:30 debt-equity ratio, potentially up to 80:20. Power will be sold to Madhya Pradesh Discom at Rs 2.
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