TATA CLEANTECH CAPITAL LIMITED (FMO-52288)

Countries
  • India
Where the impacts of the investment may be experienced.
Financial Institutions
  • Netherlands Development Finance Company (FMO)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Bank Risk Rating
A
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
Dec 11, 2018
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
Tata Cleantech Capital Limited
The holder of the loan, grant, or other investment.
Sectors
  • Energy
  • Finance
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)
$ 25.56 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported INR 1800.00 MLN
Converted using 2019-01-03 exchange rate.
Primary Source

Original disclosure @ FMO website

Updated in EWS Jan 17, 2019


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Project Description

According to the bank website, the funding raised will be used by Tata Cleantech Capital to further grow the renewable energy portfolio of the company. Focus sectors for TCCL are renewable energy, energy efficiency, water management and other green sectors in India.

Investment Description
  • Netherlands Development Finance Company (FMO)
Private Actors

According to FMO, Tata Cleantech Capital Limited is a young NBFC – ND SI - Infrastructure Finance Company offering end-to-end solutions in the renewable energy and clean technology sector in India. TCCL commenced business in 2013. Tata Cleantech is part of the reputable Tata Group (Tata Capital is 80.5% shareholder) and International Finance Corporation (IFC is 19.5% shareholder).

Contact Information

No contact information available

ACCOUNTABILITY MECHANISM OF FMO

Communities who believe they will be negatively affected by a project funded by the Dutch Development Bank (FMO) may be able to file a complaint with the Independent Complaints Mechanism, which is the joint independent accountability mechanism of the Dutch Development Bank (FMO) and the German Investment Corporation (KfW) . A complaint can be filed in writing, by email, post, or online. The complaint can be filed in English or any other language of the complainant. The Independent Complaints Mechanism is comprised of a three-member Independent Expert Panel and it can provide either problem-solving, compliance review or both, in either order. Additional information about this accountability mechanism, including a guide and template for filing a complaint, can be found at: https://www.fmo.nl/independent-complaints-mechanism