Release date: 15 June 2017
Promoter – Financial Intermediary
ACCEPTABLE CORPORATE(S)Location
Description
A framework loan of up to USD 200 m to part-finance renewable energy projects in India
Objectives
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.
Sector(s)
- Energy - Electricity, gas, steam and air conditioning supply
Proposed EIB finance (Approximate amount)
USD 200 million (EUR 170 million)
Total cost (Approximate amount)
USD 400 million (EUR 340 million)
Environmental aspects
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.
Procurement
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.
Status
Signed - 31/01/2018
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).