IIFCL - Clean Wind Power (RATLAM) (EIB-20160429)

Countries
  • India
Where the impacts of the investment may be experienced.
Specific Location
Madhya Pradesh, India
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
  • European Investment Bank (EIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
U
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.
Sectors
  • Climate and Environment
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)
$ 22.41 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported 19
Converted using 2017-08-07 exchange rate.
Project Cost (USD)
$ 114.41 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported 97
Converted using 2017-08-07 exchange rate.
Primary Source

Original disclosure @ EIB website

Updated in EWS Aug 7, 2017

Disclosed by Bank Sep 20, 2016


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Project Description
DESCRIPTION The project is an allocation under the IIFCL ENERGY SUSTAINABILITY & CLIMATE ACTION framework loan. The loan is to finance a 100 MW wind farm in the state of Madhya Pradesh including the required civil infrastructure and the connection to the national grid. 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. ENVIRONMENTAL ASPECTS The wind farm, 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.
Investment Description
  • European Investment Bank (EIB)
Contact Information
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