Release date: 30 March 2011
Promoter – Financial Intermediary
ICICI Bank Ltd
Location
Description
Framework loan supporting investment projects that contribute to climate change mitigation.
Objectives
The proposed project is in line with the EU policy of strengthening the strategic partnership and cooperation with India in the area of climate change, since it would contribute to the development of renewable energy, and the associated avoidance of green house gas emissions.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 200 million
Total cost (Approximate amount)
EUR 400 million
Environmental aspects
The key objective of this operation is to support projects that help to mitigate climate change and to support sustainable economic development. Most individual schemes to be financed will be small and are expected to have limited environmental impacts. However, some of the schemes, if located in the EU, might well be categorised as Annex I or II-type projects under the EIA Directive, which would require respectively a mandatory environmental impact assessment or a review by the competent authority for the need to carry out an EIA. The investment schemes shall be prepared in line with the applicable national and relevant EU environmental legislation, including due consideration for protection of sites of nature conservation, as well as the social safeguards of the Bank.
Procurement
The procurement procedures applied by the Borrower will comply with the Bank’s Guide to Procurement including the publication of tenders in the Official Journal of the EU when appropriate.
Status
Signed - 25/08/2011