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    Reference: 20150931
    Release date: 9 August 2016

    Promoter – Financial Intermediary

    ACCEPTABLE CORPORATE(S)

    Location

    Description

    Financing for corporate project developers in India via an intermediated loan to part-finance the implementation of 800MW utility-scale solar energy investments in India

    Objectives

    The operation consists of a framework loan to support utility-scale (50MW ) solar energy investments in India.

    Sector(s)

    • Energy - Electricity, gas, steam and air conditioning supply

    Proposed EIB finance (Approximate amount)

    EUR 199 million

    Total cost (Approximate amount)

    EUR 588 million

    Environmental aspects

    The operation will focus on solar projects with in principle limited environmental and social impact. Environmental and social pre-screening of the projects, including connection infrastructure where applicable, will be required. The experience, procedures and capacity of the borrower to check eligibility, perform due diligence and monitor projects following the EIB's environmental and social policy and standards will be appraised. Ex-ante appraisal of allocations by the Bank will be required and 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 - 31/01/2017

    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).

    Related tags

    India Energy