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    Signature(s)

    Amount
    € 167,688,737.36
    Countries
    Sector(s)
    India : € 167,688,737.36
    Energy : € 167,688,737.36
    Signature date(s)
    31/01/2018 : € 80,276,149.95
    8/01/2019 : € 87,412,587.41
    Link to source

    Summary sheet

    Release date
    15 June 2017
    Status
    Reference
    Signed | 31/01/2018
    20160527
    Project name
    Promoter - financial intermediary
    YES BANK (INDIA) CLIMATE ACTION FL
    ACCEPTABLE CORPORATE(S)
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    USD 200 million (EUR 170 million)
    USD 400 million (EUR 340 million)
    Location
    Sector(s)
    • Energy - Electricity, gas, steam and air conditioning supply
    Description
    Objectives

    A framework loan of up to USD 200 m to part-finance renewable energy projects in India

    This operation concerns a framework loan to support the construction and operation of solar photovoltaic (PV) power plants and wind farms in India. The exact schemes to be financed remain to be finally agreed and are expected to be located in various Indian states. The operation contributes to the addition of clean, renewable energy generation to a power system that it is dominated by coal-fired generation and suffers from significant capacity shortages.

    Environmental aspects
    Procurement

    The operation will focus on PV projects and wind farms with in principle limited environmental and social impact. The Bank will require the promoter to ensure that implementation of the projects will be done in accordance with the Bank's environmental and social standards.

    The project may include wind farm allocations that would be subject to a local assembly requirement related to the wind turbine nacelles. The required local component appears to be well below the level at which parts can naturally be sourced locally and at economic prices. A more detailed assessment will be performed by the Bank during appraisal, verifying that the project meets the Bank's criteria of economy and efficiency.

    Related projects
    Link to source

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Documents

    Environmental and Social Data Sheet (ESDS) - YES BANK (INDIA) CLIMATE ACTION FL
    Publication Date
    15 Jan 2018
    Document language
    Main Topic
    Lending
    Document Number
    78554091
    Document Focus
    Environmental Information
    Project Number
    20160527
    Sector(s)
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - YES BANK (INDIA) CLIMATE ACTION FL
    Publication Date
    18 May 2019
    Document language
    Main Topic
    Lending
    Document Number
    84220108
    Document Focus
    Environmental Information
    Project Number
    20160527
    Sector(s)
    Countries
    Publicly available
    Download now

    News & Stories

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

    Media enquiries

    Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

    Complaints mechanism

    Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

    Zero tolerance against fraud and corruption

    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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