INDIA SOLAR POWER - TELANGANA SOLAR ENERGY (EIB-20170065)

Countries
  • India
Where the impacts of the investment may be experienced.
Specific Location
Telangana
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.
Voting Date
May 4, 2017
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
Renew Solar Energy (Telangana) Private Limited
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)
$ 43.00 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)
$ 155.00 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 @ EIB website

Updated in EWS Dec 8, 2017

Disclosed by Bank May 4, 2017


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Project Description
The project finances the construction and operation of a solar photovoltaic (PV) plant with a capacity of 143 MWac in the Indian state of Telangana.
Investment Description
  • European Investment Bank (EIB)
Contact Information
Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB. EIB Complaints Mechanism: http://www.eib.org/about/accountability/complaints/how-to-complain/index.htm European Ombudsman: http://www.eib.org/about/structure/control_and_evaluation/ombudsman.htm