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    <title>Approval for formation of a Special Purpose Vehicle for implementation and operation of Model Solar Power Project at Neemrana, Rajasthan</title>
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    <description>Approval establishes a 100 percent subsidiary SPV of DMICDC to implement a Model Solar Power Project at Neemrana, capitalised by equity and debt released by the DMIC Trust to DMICDC with returns flowing back to the Trust. The SPV will develop an integrated solar PV and diesel generator smart micro grid, sell a portion of generation to a power trader at a tariff derived from competitive procurement, and supply identified industrial consumers under PPAs with tariffs fixed at signing.</description>
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      <description>Approval establishes a 100 percent subsidiary SPV of DMICDC to implement a Model Solar Power Project at Neemrana, capitalised by equity and debt released by the DMIC Trust to DMICDC with returns flowing back to the Trust. The SPV will develop an integrated solar PV and diesel generator smart micro grid, sell a portion of generation to a power trader at a tariff derived from competitive procurement, and supply identified industrial consumers under PPAs with tariffs fixed at signing.</description>
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