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    Summary sheet

    Release date
    4 May 2017
    Status
    Reference
    Approved | 14/11/2017
    20170065
    Project name
    Promoter - financial intermediary
    INDIA SOLAR POWER - TELANGANA SOLAR ENERGY
    RENEW SOLAR ENERGY (TELANGANA) PRIVATE LIMITED
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    USD 43 million (EUR 37 million)
    USD 155 million (EUR 132 million)
    Location
    Sector(s)
    • Energy - Electricity, gas, steam and air conditioning supply
    Description
    Objectives

    The project concerns the construction and operation of a solar photovoltaic (PV) plant with a capacity of 143 MWac in the Indian state of Telangana.

    The project is in line with EU policy in the area of climate change, as it would contribute to the development of renewable energy, and the associated avoidance of greenhouse gas emissions. It will support the development of a sustainable and secure supply of energy that is necessary for India's long-term economic growth and development. It will also bring economic benefits to the region through the production of energy from renewable resources, the displacement of imported fuel costs, the expanded use of domestic resources and the reduction of greenhouse gas emissions and other airborne pollutants. It supports the EU-India Strategic Partnership, which promotes, inter alia, cooperation in curbing climate change. Similarly, this is in line with the Indian National Action Plan on climate change mitigation.

    Environmental aspects
    Procurement

    The project, if located in the EU, would fall under Annex II of the Environmental Impact Assessment (EIA) Directive, leaving the competent authority to decide as to whether or not an EIA is required. According to the applicable Indian law, PV plants do not require an EIA. Under the conditions of the related framework loan, the final beneficiary is required to carry out an environmental and social impact assessment (ESIA) study for the project. Details of the project's authorisation process, ESIA and implementation of the environmental and social management plan (ESMP) will be analysed during appraisal.

    The Bank will require the promoter to ensure that implementation of the project is done in accordance with the Bank's Guide to Procurement.

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Documents

    Environmental and Social Completion Sheet (ESCS) - INDIA SOLAR POWER FL - TELANGANA SOLAR ENERGY
    Publication Date
    1 Jan 2019
    Document language
    Main Topic
    Lending
    Document Number
    88370970
    Document Focus
    Environmental Information
    Project Number
    20170065
    Sector(s)
    Countries
    Publicly available
    Download now
    Environmental and Social Data Sheet (ESDS) - INDIA SOLAR POWER FL - TELANGANA SOLAR ENERGY
    Publication Date
    16 Jan 2019
    Document language
    Main Topic
    Lending
    Document Number
    74522987
    Document Focus
    Environmental Information
    Project Number
    20170065
    Sector(s)
    Countries
    Publicly available
    Download now

    General enquiries and comments

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    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
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