corporate_banner_en

EIB support for renewable energy and energy efficiency projects in India

Projects
Regions
European Union
Enlargement countries
Turkey
Iceland
Western Balkans
European Free Trade Association
Mediterranean Neighbourhood
FEMIP Overview
Supporting pan-Mediterranean initiatives
Financing & advice
FEMIP Loans
Private equity
Advisory & technical assistance
FEMIP Support Package
Procurement
How to apply
Trust Fund
Technical assistance
Private equity
Global dialogue
Partnerships
Organisation and staff
FEMIP Internship Programme
FAQ - FEMIP
EU Eastern Neighbours
Projects
Cooperation with other institutions and organisations
Financing facilities
Trust fund
Institutional framework
Applying for loans
Organisation and staff
Central Asia
Institutional framework
Cooperation with other institutions and organisations
Financing facilities
Technical assistance and grants
Applying for loans
Organisation and staff
Sub-Saharan Africa, Caribbean and Pacific
Funding and Financial Instruments
Applying for loans
Cooperation with partners
Investment Facility
Other initiatives
Activities
Asia and Latin America
Priorities
SMEs
Innovative options
Loans
Microfinance
EU partners for SMEs & mid-caps
Non-EU partners for SMEs & mid-caps
RDI support
Equity investment
Regional development
Climate Action
Urban & natural environment
Innovation
Skills and Jobs
Trans-European Networks
Transport
Energy
Project Cycle
Applying for a loan
Appraisal
Procurement
Monitoring
Projects to be Financed
Explanatory notes
Breakdown by region
European Union
EFTA countries
Enlargement Countries
Eastern Europe, Southern Caucasus and Russia
Mediterranean countries
Africa, Caribbean, Pacific countries + OCT
South Africa
Asia and Latin & Central America
Breakdown by sector
Projects Financed
Breakdown by region
European Union
EFTA countries
Enlargement Countries
Eastern Europe, Southern Caucasus and Russia
Mediterranean countries
Africa, Caribbean, Pacific countries + OCT
South Africa
Asia and Latin America
Breakdown by sector
Multi-criteria list
Operations Evaluation
Organisation and Programme
Programme
Methodology
Criteria
Rating scale
Process
Reports
Operations
Overview
Publications and reports
Cooperation and Coordination
ECG
European Financial Institutions
European Commission
Contacts

EIB support for renewable energy and energy efficiency projects in India

  •  Release date: 13 September 2013
  •  Reference: 2013-137-EN

The European Investment Bank (EIB) has signed a EUR 40 million long-term loan to SREI Infrastructure Finance Limited (SREI), with the main purpose of financing investments that will help to mitigate climate change in India. The loan will be supported by the Italian Export Credit Agency SACE S.p.A. This tripartite cooperation will not only help project financing in India but also support Italian industry by promoting exports. Both the EU and Indian economies will eventually benefit from this arrangement. This is the first instalment of a EUR 80 million loan.

The loan is for projects in the renewable energy and energy efficiency sectors carried out mostly by private sector companies. It will target electricity and heat generation schemes, notably wind power, photovoltaic energy, hydropower and high-efficiency cogeneration. The investments will help to meet India’s rapidly growing demand for electricity by using environmentally sustainable resources. They will also generate economic benefits for the region by developing domestic energy resources, improving energy efficiency and reducing airborne pollution and greenhouse gas emissions.

SREI will on-lend the funds to final beneficiaries and identify and pre-select the projects. The EIB will then perform due diligence to ensure that all projects are economically and financially viable, technically appropriate and in compliance with the Bank’s environmental and social requirements and its Guide to Procurement.

This loan is being provided under the EUR 4.5 billion Energy Sustainability and Security of Supply Facility (ESF).

Since the start of its lending activities in Asia the European Investment Bank has provided more than EUR 4.9 billion for long-term investment projects, including EUR 2.2 billion in the energy sector.




 Print
 Pdf
Copyright © European Investment Bank 2014
The European Investment Bank is not responsible for the content of external internet sites.

http://www.eib.org/projects/press/2013/2013-137-eib-support-for-renewable-energy-and-energy-efficiency-projects-in-india.htm