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.
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).
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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