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This project finances the Welspun Renewables Energy Limited , one of the leading solar power developers in India. This company has 30 MW of operational solar projects, 50 MW under construction, and another 610 MW in pipeline for implementation. This financing is intended to demonstrate effect and growth in the Indian Solar sector.
The project enables the funding of WREL’s equity injection in a portfolio of solar photovoltaic and wind power projects with a total capacity of approximately 300 megawatts
(MW) to be commissioned from December 2013 to March 2016.
*No contacts available at time of writing.
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