Original disclosure @ EIB website
Updated in EWS Jan 9, 2023
Disclosed by Bank Jan 9, 2023
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According to EIB, this project consists of a framework loan to support climate action investments in India. The facility will finance renewable energy generation projects (small to medium size), electric mobility or green hydrogen production, as well as potentially other eligible climate action investments such as renewable energy equipment manufacturing or low carbon transport, promoted by private sector companies.
The Promoter has to ensure that implementation of the project will be done in accordance with the EIB's Guide to Procurement.
If the schemes were located within the EU, most of them would fall under Annex II of the Environmental Impact Assessment (EIA) Directive (2014/52/EU amending the EIA Directive 2011/92/EU), with the competent authorities assessing the need for an EIA. The inclusion of certain interconnection infrastructure, falling under Annex I, would require a mandatory EIA.
In India, environmental and social regulations include some of the elements present in the EU Directives, although there is traditionally certain lack of enforcement. In particular, national regulation requires an Environmental and Social Standards Assessment (ESIA) for these type of projects. Compliance with ESIA at the Framework Loan and allocation levels will be verified during the appraisal of the schemes, in particular the Promoters' environmental and social capabilities and procedures, public consultation process, vulnerable groups and land tenure issues.
No contact information provided at the time of disclosure.
ACCESS TO INFORMATION
You can submit an information request for project information at: https://www.eib.org/en/infocentre/registers/request-form/request-form-default.htm
ACCOUNTABILITY MECHANISM OF EIB
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When dissatisfied with a complaint to the EIB Complaints Mechanism, citizens can then turn towards the European Ombudsman. A memorandum of Understanding has been signed between the EIB and the European Ombudsman establishes that citizens (even outside of the EU if the Ombudsman finds their complaint justified) can turn towards the Ombudsman on issues related to 'maladministration' by the EIB. Note that before going to the Ombudsman, an attempt must be made to resolve the case by contacting the EIB. In addition, the complaint must be made within two years of the date when the facts on which your complaint is based became known to you. You can write to the Ombudsman in any of the languages of the European Union. Additional details, including filing requirements and complaint forms, are available at: http://www.ombudsman.europa.eu/atyourservice/interactiveguide.faces