Mytrah Wind, Mytrah Energy (India) Private Ltd. (India) (BNDES-MYTRAHWIND)

Countries
  • India
Where the impacts of the investment may be experienced.
Specific Location
Tamil Nadu
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • Brazil National Development Bank (BNDES)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
A
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jun 14, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Mytrah Vayu Pvt Ltd
The holder of the loan, grant, or other investment.
Sectors
  • Construction
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 225.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 299.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ BNDES website

Updated in EWS Aug 9, 2019

Disclosed by Bank May 23, 2018


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Project Description

According to the Agency's document, this project finances the development, construction and operation of a 252 megawatt wind farm in Tamil Nadu, India. 

According to the Agency, the major environmental and social concerns related to the Project include potential impacts on resident and migrating birds and bats, particularly given its proximity to an Important Bird Area, potential impacts from noise and shadow flicker, impacts to community health and safety resulting from increased traffic, and the need for a robust environmental and social management system with appropriate organizational capacity given the ambitious timeline for construction.

Investment Description
  • Brazil National Development Bank (BNDES)
Private Actors
Contact Information

No contact information available at time of writing.