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    Reference: 20130338
    Release date: 10 October 2013

    Promoter – Financial Intermediary

    INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY LTD

    Location

    Description

    Framework loan to fund small and medium-scale capital investments in renewable energy and energy efficiency in India

    Objectives

    The operation consists of a framework loan for the support of small to medium sized renewable energy and energy efficiency investments in India. The final project pipeline is expected to consist of small run-of-the-river hydropower plants, biomass, solar and wind power plants.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 200 million

    Total cost (Approximate amount)

    EUR 400 million

    Environmental 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.

    Procurement

    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.

    Status

    Signed - 21/02/2014

    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).

    Related tags

    India Energy