Demand-Side Energy Efficiency Investment Project (ADB-48224-001)

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
C
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
Feb 23, 2016
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
Energy Efficiency Services Limited
The holder of the loan, grant, or other investment.
Sectors
  • Energy
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 1.15 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Nov 13, 2017

Disclosed by Bank Sep 13, 2016


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Project Description
This project funds more efficient LED municipal street lighting, more efficient domestic lighting and fans by replacing incandescent lights with LEDs and more efficient fans, and more energy efficient agricultural water pumps.
Investment Description
  • Asian Development Bank (ADB)
This project is funded by: Global Environment Facility (Grant): US$ 150,000 Clean Energy Fund under the Clean Energy Financing Partnership Facility (Grant): US$ 1 million Global Environment Facility (Grant): US$ 1.32 million
Contact Information
Energy Efficiency Services Limited A-13, IWAU Building, 4th Floor Sector-1, Noida - 201301 Uttar Pradesh 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