Framework Loan supporting investment projects that contribute to climate change mitigation.
Objectives
The proposed operation would contribute to the development of clean energy and the avoidance or reduction of greenhouse gas emissions. It would support the EU-India Strategic Partnership which foresees, inter alia, cooperation in fighting climate change.
Comments
Sector(s)
Energy
Proposed EIB finance (Approximate amount)
EUR 150 million
Total cost (Approximate amount)
EUR 300 million
Environmental aspects
The operation will focus on small or medium sized projects with in principle limited environmental impacts. However, some schemes if located in the EU may be categorised as Annex II-type projects under the EIA Directive, which would require a review by the competent authority to determine the need for environmental impact assessment. National environmental legislation and the environmental and social due diligence procedures of the borrower will be assessed during appraisal, in order to assure the compliance of the selected projects with EU Environmental and Social guidelines, including due consideration for protection of sites of nature conservation.
Procurement
The Bank will require the promoter to ensure that implementation of the project will be done in accordance with the Bank's Guide to Procurement.
Status
Signed
-
07/03/2013.
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. Therefore data provided on this page is indicative and cannot be considered to represent official EIB Policy (see also the Explanatory notes).
The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities. Enquiries and comments regarding 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, EIB can also be contacted through its external offices.
Queries regarding details of a specific project, in particular when EIB loan is under appraisal, should be preferably addressed directly to project promoters.
Any complaint regarding alleged maladministration can be lodged to 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 or corruption in EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential, and are handled in line with EIB investigation procedures and the Anti-Fraud Policy.
The EIB is committed to achieving the highest possible level of transparency. The EIB Transparency Policy sets out how EIB discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations.
