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    Reference: 20160058
    Release date: 20 September 2016

    Promoter – Financial Intermediary

    Private Entity(ies)

    Location

    Description

    The project is an allocation under the IREDA-RENEWABLE ENERGY AND ENERGY EFFICIENCY framework loan. The project will contribute to the financing of a 100 MW wind farm within the state of Andhra Pradesh to replace electricity generation from fossil-fuel based plants.

    Objectives

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

    Sector(s)

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

    Proposed EIB finance (Approximate amount)

    EUR 27 million

    Total cost (Approximate amount)

    EUR 104 million

    Environmental aspects

    The project, 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 the project. 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 - 15/11/2016

    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