What we review
- Total investment, GST, deposits, fees, and excluded infrastructure.
- Land, electricity, civil work, transformer, installation, and approval responsibility.
- Revenue model and who controls the tariff.
- Utilisation assumption and the demand source behind it.
- Minimum guarantee, fixed payout, revenue share, or lease payment.
- Buyback, residual value, security, escrow, guarantee, and default exposure.
- Platform, payment, O&M, AMC, insurance, and replacement costs.
- Data access, settlement timing, reconciliation, and audit rights.
- Downtime and service-level responsibility.
- Contract duration, renewal, termination, transfer, and exit.
- The partner's operational capacity and the evidence you should request.
- The site's independent feasibility.
What you receive
- Offer summary in plain language.
- Cash-flow reconstruction.
- Base, downside, and default scenarios.
- Operating-versus-investor verdict: a station can be viable while the investor structure is not.
- Dependency map: which cash flows rely on the partner staying solvent and honest.
- Questions and evidence to request before signing.
- Comparison with an alternative structure where relevant.
- Decision recommendation: proceed, renegotiate, verify, or decline.
Important boundary
This is a commercial and financial-logic review, not legal advice. Have the final agreement reviewed by an Indian lawyer qualified for the transaction.