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    Reference: 20170105
    Release date: 13 June 2017

    Promoter – Financial Intermediary

    ACCEPTABLE CORPORATE(S)

    Location

    Description

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

    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 150 million

    Total cost (Approximate amount)

    EUR 500 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 these conditions IREDA has agreed to have the project promoters conduct a rapid environmental and social assessment for the renewable energy projects, to be decided during the appraisal of the mission and depending on the size of the projects, in line with the Bank's environmental and social standards.

    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 - 10/03/2018

    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