Services · Pre-funding
Independent techno-economic viability before disbursement: technical soundness, cost credibility, revenue defensibility and debt serviceability.
Overview
A Techno-Economic Viability study is the lender’s independent check, commissioned before sanction, that a proposed project is technically sound, that its capital cost estimates are credible, that its revenue and cost projections are defensible and that the resulting debt can be serviced.
Our TEV reports are written for the credit committee, not the promoter. They have supported mandates above ₹15,000 crore across power, renewables, real estate, infrastructure, hospitality, manufacturing and electric mobility.
Deliverables
Approach
Agree the lender’s questions, data list and site programme.
Our own engineers inspect the site and audit the technical basis.
Independent benchmarks and sensitivity analysis.
A defensible report, presented to the credit committee if required.
Typical triggers
New project or greenfield capacity above the bank’s internal threshold, typically before the credit committee meets.
Brownfield capacity, a new product line or a change of technology funded on the existing balance sheet.
Re-phasing of debt under RBI frameworks, where the lender needs an independent view of residual viability before agreeing terms.
Track record
Renewable Energy
Techno-Economic Viability study across two locations covering 152 MW wind, 500 MW solar and 600 MW of battery energy storage.
TEV StudyInfrastructure
Project Monitoring Agency across ten concurrent national mandates including the Nagpur–Mumbai Expressway, Delhi–Meerut RRTS, the Rohtang Pass tunnel and the Mumbai–Pune Missing Link.
Project MonitoringConstruction
Project Monitoring Agency across ten construction projects including CIDCO Navi Mumbai, MHADA and the Karwar Naval Base.
Project MonitoringInsights
A plain-language guide for promoters and credit teams: what a techno-economic viability study checks, when a bank asks for one, typical…
The scope, sequence and evidence base of a techno-economic viability report — and the five questions a credit committee should be able to…
The chapters a bankable DPR must contain, how it differs from a TEV study, and the ten errors credit teams see most often.
Questions
Four to six weeks for a single-site project once the data list is received, including a site visit by our engineers. Multi-site or portfolio studies are scoped individually.
The lender’s credit committee. The promoter provides data and access, but the opinion, assumptions and sensitivities are ours and are presented to the bank if required.
Project cost, means of finance, revenue and cost build-up, DSCR, IRR and stress cases on capacity utilisation, price, cost overrun and delay. The model is delivered with the report.
No. A Detailed Project Report is prepared for the promoter to present a project. A TEV study is the lender’s independent check of that project. We prepare both, but never both for the same project.
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