The proposed investment comprises of up to US$40 million investment in Tata Cleantech Capital Limited (TCCL or the Company) through subscription of secured non-convertible debentures, structured as a Green Bond, to be issued by the Company. The proceeds of the Green Bond will be used to finance wind, solar and other climate finance projects that meet the Green Bond eligibility criteria. TCCL is registered with the Reserve Bank of India as a Systemically Important Non Deposit Accepting Non-Banking Financial Company, engaged in the business of providing finance and advisory services for projects in renewable energy, energy efficiency, waste management, water management and cash flow based infrastructure finance.
The shareholders of TCCL are Tata Capital Limited (80.5%) and IFC (19.5%).
The investment would involve IFC subscription to up to INR equivalent of US$ 40 million (~ Rs 2,600 2,600 million at an INR: USD rate of 65:1) to a senior debt investment, structured as a Green Bond to be issued by the Company in one or more tranches.
Tata Cleantech Capital Limited (TCCL) provides finances for clean technology project. The Company offers financing and consultancy for energy efficiency, renewable energy projects, and water treatment projects. TCCL serves customers in India.
Project Contact: Mr. Manish Chourasia
Managing Director, Tata Cleantech Capital Limited
Telephone No.: (091) 022 6606 9000
Email Address: email@example.com
Office Address: 12th Floor, Tower A 1201, Peninsula Business Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai
ACCOUNTABILITY MECHANISM OF IFC
The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/