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    Reference: 20160033
    Release date: 22 April 2016

    Promoter – Financial Intermediary

    PRIVATE ENTITY(IES)

    Location

    Description

    The project is an allocation under the IIFCL ENERGY SUSTAINABILITY & CLIMATE ACTION FL. The loan will contribute to the financing of two wind farms totalling 155 MW. The wind farms are located in the states of Andhra Pradesh and Rajasthan.

    Objectives

    The project will contribute to the development of renewable energy projects undertaken by private sector enterprises in India, reducing gas pollution and greenhouse gas emissions.

    Sector(s)

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

    Proposed EIB finance (Approximate amount)

    EUR 34 million

    Total cost (Approximate amount)

    EUR 152 million

    Environmental aspects

    The two wind farms, if located in the EU, would fall under Annex II of the Environmental Impact Assessment (EIA) Directive leaving to the competent authority the decision as to whether an EIA is required or not. According to the applicable Indian law, wind power projects do not require an EIA. Under the conditions of the related framework loan, the promoter is required to carry out an environmental and social impact assessment (ESIA) study for each wind farm. The Bank will review ESIA documentation during appraisal and ensure adherence to its environmental and social standards.

    Procurement

    The implementation of the project will be done in compliance with the Bank's Guide to Procurement. The Bank will monitor the procurement process to ensure compliance with the guidelines.

    Status

    Approved - 24/06/2016

    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