As stated by the DFC, the transaction will fund the development of new solar and WTE assets, increasing India’s renewable energy capacity, curbing emissions, mitigating air pollution, and generating rural employment opportunities.
DFC shares in their project documents that this project is expected to have a positive development impact in India by addressing the country’s expanding energy needs, helping to decarbonize its grid through solar and redirecting paddy straw waste from open burning to generate electricity. The current practice of open burning paddy straw is an acute problem in India. Using this paddy straw for energy in the WTE facilities, almost entirely eliminates the release of particulate matter and helps address a major health issue in India, while also generating income for local farmers. The Project seeks to generate economic benefits for rural regions by supporting over 800 permanent jobs as well as payments to farmers for procurement of paddy straw.
As stated by the DFC, SAEL is a renewable energy company developing, owning and operating utility-scale solar and waste-to-energy assets across India.
|Private Actor 1
|Private Actor 1 Role
|Private Actor 1 Sector
|Private Actor 2
|Private Actor 2 Role
|Private Actor 2 Sector
|SAEL Industries Limited
No contact information available at the time of disclosure.
ACCESS TO INFORMATION
Unlike many other development finance institutions, DFC does not currently have an access to information policy.
Under the United States Freedom of Information Act (FOIA), DFC is obliged to respond to reasonably formulated requests for Agency records. However, DFC may apply exemptions from release to certain types of information and may charge fees in responding to requests. DFC has a designated FOIA officer who is trained in how to respond to requests and implement the law. You can learn more about filing a FOIA request at: https://www.dfc.gov/foia
ACCOUNTABILITY MECHANISM OF THE UNITED STATES INTERNATIONAL DEVELOPMENT FINANCE CORPORATION (DFC)
The Office of Accountability is an independent office that addresses complaints about environmental or social issues related to DFC-supported projects. The office provides communities an opportunity to have concerns independently reviewed and addressed. If you submit a complaint to the Office of Accountability, it may assist you by either seeking to address your problems by facilitating a problem solving dialogue between you and those implementing the project and/or investigating whether the DFC complied with its policies to prevent environmental, social, human rights, and labor harms.
You can find more information about the Office of Accountability at: https://www.dfc.gov/who-we-are/office-accountability