Clean Energy Finance Investment Program (ADB-46268-001)

Countries
  • India
Where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
FI
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
Oct 30, 2014
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
Indian Renewable Energy Dev't Agency Ltd. (IREDA)
The holder of the loan, grant, or other investment.
Sectors
  • Energy
  • Finance
  • Hydropower
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)
$ 1,033.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 500.00 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)
$ 1,000.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Bank Documents
Primary Source

Original disclosure @ ADB website

Updated in EWS Oct 16, 2017

Disclosed by Bank Mar 9, 2017


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Project Description
This project provides funding for renewable energy projects including wind, biomass, hydropower, and solar. The program supports lending for projects done by the Indian Renewable Energy Development Agency. Private capital is being used to increase lending for at least 10 renewable energy projects and to pay for project finance training for government officials.
Investment Description
  • Asian Development Bank (ADB)
This project is funded by: ADB: Ordinary capital resources (Loan): US$ 250 million ADB: Ordinary capital resources (Loan): US$ 250 million Japan International Cooperation Agency: US$ 280 million European Investment Bank: US$ 253 million
Contact Information
Indian Renewable Energy Dev't Agency Ltd. (IREDA) Core 4A, East Court 1st Floor, India Habitat Center Complex Lodi Road, New Delhi - 110 003, INDIA ACCOUNTABILITY MECHANISM OF ADB The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main