TN Foods Coimbatore — Cogen + Heat Recovery
FundingOverview
About the project
Representative pool-tier deal — biomass cogeneration plus waste-heat recovery at a food processing unit. Highest CAPEX in the lineup; widest σ (Grade C blended) because cogen output varies with feedstock + ambient. Funded via pool aggregation only.
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
Junior tranche (first-loss)
Wide bundle σ — junior-only until a verified Day-90 + Day-180 audit tightens the conformal coverage.
4-ECM bundle
Single auditor, single facility, 4 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 · 4 ECMs
Representative pool-tier deal — biomass cogeneration plus waste-heat recovery at a food processing unit. Highest CAPEX in the lineup; widest σ (Grade C blended) because cogen output varies with feedstock + ambient. Funded via pool aggregation only.
Bundle: 4 ECMs · ₹3,91,20,000 CAPEX · blended grade C. Total baseline draw under audit: 64,85,000 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 · 4 ECMs
Bundle summary
Blended grade C2.46 GWh
sum of ECM point estimates
1.45 GWh
conservative sum
₹3.91 Cr
sum of ECM CAPEX
2021.3 tCO₂/yr
monthly accrual
1.38×
≥ 1.30× covenant
2.50×
≥ 1.75× target
1353.0 tCO₂/yr
CDM AMS-II.E (energy efficiency MSMEs)
800 kW biomass cogen unit displacing grid + LPG. Highest single-ECM CAPEX.
PINN unified sized 4 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 C → junior tranche only until a verified second audit period tightens the conformal coverage. 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
6,485,000 kWh
electric
Auditors
- KISEM...11111
Tool
Returns calculator
Estimated total return
$42,750.00
Over 60 months @ 14.20%
Avg. monthly income
$295.83
Pre-tax, indicative only
Indicative only. Calculations based on a target XIRR of 14.20%. Actual returns may vary based on project performance and timing of distributions.
Attachments
Documents
History
Repayment history
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