Summary sheet
Framework loan to support a series of investment projects that contribute to climate change mitigation and adaptation.
The operation consists of a framework loan for the support of small to medium sized renewable energy and energy efficiency investments in India. The project pipeline is not confirmed but it is expected to consist of small run-of-the-river hydropower plants, biomass, solar and wind power plants.
Regarding the environment aspects, the operation will focus on small or medium sized projects with in principle limited environmental and social impacts. The experience, procedures and capacity of the borrower to check eligibility, perform due diligence and monitor projects following EIB’s environmental and social policy and standards will be appraised. Ex-ante approval of allocations by the Bank may be required if deemed necessary. Large investment schemes will be subject in all cases to ex-ante environmental and social due diligence by the EIB.
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.