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    Reference: 20130339
    Release date: 7 February 2014

    Promoter – Financial Intermediary

    India Infrastructure Finance Company Ltd (IIFCL)



    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.


    Proposed EIB finance (Approximate amount)

    EUR 200 million

    Total cost (Approximate amount)

    EUR 1300 million

    Environmental aspects

    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.


    Signed - 31/03/2014


    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