ORIANA POWER PRIVATE LIMITED

In their own words

Oriana Power Pvt Ltd is renewable engineering solution provider for solar rooftop projects. Our company focus to provide optimized and innovative solutions without compromising on material quality and execution quality. We believe to make a solar system reliable for 25 yrs, we should focus on quality. So, we are highly committed to quality. Here, biggest challenge for projects are investment. All industrialist look for better return from their investment, even they wanted to take benefit of Solar Energy. So, the options comes RESCO/OPEX model. Under this model developer need to invest in project and they will be charging to client (monthly) w.r.t. to generation from installed solar power plant based on agreed tariff rates (as per their Power Purchase Agreement). So, here our idea comes in to play, now for RESCO/OPEX project development, developer need investment. As a conventional method they will go to banks for loan. However, we would like to share the benefits with individuals, yes we collect investment from retail/individual investors. We will give them equity share in developer company based on their investment. So, project funds will be collected from retail investors with IRR of 6-8%, which they are getting 4% from banking saving accounts. This fund will be invested in renewable projects (i.e. Solar projects), monthly return from the projects will be shared with the investors as per their share holding. This investment will be starting from Rs. 15,000.00 without upper limits. This is how we want to add contribution from everyone for clean and green energy development. This will be online website based platform, where all investor need to register and submit all of their documents. All developed, developing and upcoming projects will on this website only. All projects are highlighted with percentage of shares left or completed, daily generation reports, daily revenue. At initial stage we would like to start with Government clients, later on we will adding to A rated industrialist also. Power purchase agreement will be for 25 yrs, so investor will be engaged till 20 yrs. only. Minimum locking periods for investor will be 5 yrs. All these projects will be baked by insurance. waiting to hear from you.....

Written by the company on its public Startup India profile. Not verified by us.