Techno Economic Viability (TEV) study of a project encompasses the evaluation of a project for evaluating the technical and financial information about the project, with relevant data about its technological feasibilty and economic viability, into one or a few criteria on the basis of which the project is recommended for selection, modification or rejection.
No project can be absolutely risk free and hence the analysis of the degree of technical risk and associated financial viability, through a Techno-Economic Viability Study (TEVS) evaluation is to assist lenders to take a view on the acceptability of the degree of risk involved in a project. A TEV study takes into account an analysis of technological risk, market risk, regulatory risk, financial risk, etc. A critical evaluation of these parameters is essential for a meaningful TEV study. Resurgent India with the right skill sets assists banks and financial institutions to assess the bankability of a lending opportunity.