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Signature(s)

Amount
€ 22,261,798.74
Countries
Sector(s)
India : € 22,261,798.74
Water, sewerage : € 3,339,269.81
Energy : € 15,583,259.12
Signature date(s)
10/05/2019 : € 3,339,269.81
10/05/2019 : € 3,339,269.81
10/05/2019 : € 15,583,259.12
Link to source

Summary sheet

Release date
10 July 2018
Status
Reference
Signed | 10/05/2019
20180069
Project name
Promoter - financial intermediary
GEF SOUTH ASIA GROWTH FUND II
PRIVATE ENTITY(IES)
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
USD 25 million (EUR 22 million)
USD 150 million (EUR 133 million)
Location
Sector(s)
Description
Objectives

The operation consists of an equity participation in the Global Environment Fund (GEF) South Asia Growth Fund II. GEF is an USD 150m regional fund targeting SMEs that promote energy efficiency, environmental actions and circular economy in agricultural projects, renewable energy and efficient use of water in India and Bangladesh.

The Fund will contribute to promoting a more efficient use of energy and water in India (and possibly neighbouring countries) by investing in SMEs that provide a broad range of environmental products and services.

Environmental aspects
Procurement

The Fund is expected to comply with EIB's environmental and social management standards.

The Fund is expected to comply with EIB's procurement guidelines.

Link to source
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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).

Documents

Environmental and Social Data Sheet (ESDS) - GEF SOUTH ASIA GROWTH FUND II
Publication Date
18 Dec 2018
Document language
Main Topic
Lending
Document Number
85452852
Document Focus
Environmental Information
Project Number
20180069
Countries
Publicly available
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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.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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