Vivanta Bangalore — Chiller Plant Bundle
FundingOverview
About the project
Representative pool-tier deal — a 4-star hotel chiller plant replacement + IoT-driven setpoint optimization across 220 guest rooms. Demonstrates the upper end of the ECM ticket range; this size is funded via pool aggregation, not single-LP direct.
Financial notes
Target return floats with realized savings. The senior tranche is sized to the bundle's blended P5 floor at DSCR ≥ 1.30×; junior absorbs first-loss until Day-90 verification tightens the band. Where ECMs include zero-CAPEX optimizations (operational tweaks), those are listed for transparency but excluded from the senior covenant — the financed senior covers CAPEX-eligible ECMs only.
What matters
Key highlights
Senior + Junior split
Moderate bundle σ — senior + junior split with junior absorbing first-loss until Day-90.
5-ECM bundle
Single auditor, single facility, 5 ECMs. Each ECM has its own predicted-savings band; the senior is sized to the bundle's P5 sum, not the sum of individual P50s.
PINN unified — 21-feature audit
Served by the unified PINN (21-feature audit, IN-BEE). TabPFN benchmark headline: R²=+0.56 LOO on 6-feature corpus (n=72 KISEM + 14,482 IAC).
Carbon §11 accrual
tCO₂e accrues monthly per the §11 disclosure schedule across all ECMs on the same meter.
Deployment
Upgrades & equipment · 5 ECMs
Representative pool-tier deal — a 4-star hotel chiller plant replacement + IoT-driven setpoint optimization across 220 guest rooms. Demonstrates the upper end of the ECM ticket range; this size is funded via pool aggregation, not single-LP direct.
Bundle: 5 ECMs · ₹1,48,30,000 CAPEX · blended grade B. Total baseline draw under audit: 32,65,000 kWh/yr.
Operations
Project management
Audited by KISEM-IIT Madras (aspirational). Day-30 and Day-90 verification reports tighten the bundle's conformal band as realized meter data accrues; if realized savings fall below the blended P5 floor, the borrower triggers the §5.6 cure mechanism. KISEM-affiliated auditor is BEE-certified; equipment carries OEM warranties typical for India MSME retrofits.
Underwriting
Calibrated savings · 5 ECMs
Bundle summary
Blended grade B1.04 GWh
sum of ECM point estimates
695K kWh
conservative sum
₹1.48 Cr
sum of ECM CAPEX
852.0 tCO₂/yr
monthly accrual
1.60×
≥ 1.30× covenant
2.46×
≥ 1.75× target
426.4 tCO₂/yr
CDM AMS-II.E (energy efficiency MSMEs)
Replace 2 × 350-TR centrifugal chillers with magnetic-bearing variable-speed units.
PINN unified sized 5 ECMs on the same meter under the DSCR-at-P5 ≥ 1.30× covenant. The serving model ingests all 21 fields from the audit schema (leakage, rated kW, hours/days, plant context); calibration is fit on a 72-ECM Indian audit corpus. Blended grade B → senior + junior split; junior absorbs first-loss until Day-90 verification tightens the band. See full benchmarks for the leave-one-out residuals and reproduction script. Carbon credits accrue on the same meter under the project's disclosure schedule.
MRV
Baseline & impact
3,265,000 kWh
electric
Auditors
- KISEM...11111
Tool
Returns calculator
Estimated total return
$39,750.00
Over 60 months @ 11.80%
Avg. monthly income
$245.83
Pre-tax, indicative only
Indicative only. Calculations based on a target XIRR of 11.80%. Actual returns may vary based on project performance and timing of distributions.
Attachments
Documents
History
Repayment history
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