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    Signature(s)

    Amount
    € 40,000,000
    Countries
    Sector(s)
    India : € 40,000,000
    Energy : € 40,000,000
    Signature date(s)
    23/07/2013 : € 40,000,000
    Link to source

    Summary sheet

    Release date
    24 October 2011
    Status
    Reference
    Signed | 23/07/2013
    20110406
    Project name
    Promoter - financial intermediary
    Srei (SIFL) Climate Change FL

    Srei Infrastructure Finance Limited

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Up to USD 100 million
    USD 200 million
    Location
    Sector(s)
    Description
    Objectives

    Framework loan supporting investment projects that contribute to climate change mitigation.

    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 efficient use of energy, the development of renewable energy, and the associated avoidance of green house gas emissions.

    Environmental aspects
    Procurement

    The operation will support projects that contribute to the reduction of greenhouse gases emissions and other airborne pollutants. The sub-schemes are expected to have limited negative environmental and social impacts. None of the sub-schemes submitted for part-financing by the Bank will have a significant negative impact on sites of nature conservation. Standard safeguards and monitoring procedures will ensure that project implementation is satisfactory and complies in particular with the environmental and social requirements of the Bank.

    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.

    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).

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