Early Warning System

Regions

South Asia

Geographic location where the impacts of the investment may be experienced.

Countries

India

Geographic location where the impacts of the investment may be experienced.

Specific Location

Gujarat: Dedukhi, Ratanpar, Shapar, and Dhakaniya

Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.

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

Approved

Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.

Bank Risk Rating

Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."

Voting Date

Apr 18, 2024

Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.

Borrower

Enren Energy Private Limited

A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.

Sectors

Energy

The service or industry focus of the investment. A project can have several sectors.

Potential Rights Impacts

Healthy Environment
Housing & Property

Only for projects receiving a detailed analysis, a broad category of human and environmental rights and frequently at-risk populations.

Investment Type(s)

Loan

The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.

Investment Amount (USD)

$ 127.01 million

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 10549
Converted using 2024-01-31 exchange rate.

Loan Amount (USD)

$ 127.01 million

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.

Bank Documents

Other Related Projects

AIIB-000768 India: ENGIE Solar Power Project

Primary Source

Original disclosure @ ADB website

Updated in EWS Apr 19, 2024

Disclosed by Bank Jan 31, 2024

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Project Description

If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

As stated by the ADB, the proceeds of the ADB financing will be utilized to fund the construction and operation of 400 MW(AC) solar-photovoltaic power project at Raghanesda Solar Park in in Gujarat, India.

The project is aligned with the government's target of reaching at least 500 gigawatts of non-fossil energy capacity, meeting 50% of India's energy requirements from renewable energy, and reducing the carbon emissions intensity of the economy by 45% by 2030.

The ADB categorized the project E&S risks as follows:

Environment	B
Involuntary Resettlement	B
Indigenous Peoples	C

People Affected By This Project

People Affected By This Project refers to the communities of people likely to be affected positively or negatively by a project.

According to ADB, the proposed project area does not fall within the Schedule V areas as designated by the Ministry of Tribal Affairs of the Government of India. Government's allocation of the land to the project will not result in any negative or positive impacts on indigenous peoples or scheduled tribes.
The Project is proposed on land distributed among three villages (Deruki, Ratanpal and Shapa) in SurendranagarDistrict of which Deruki Village shares the maximum land parcel. The overhead transmission line will be connected from the east side of the Project with the 400 kV GETCO Shapar substation (22°28'53.17"N, 71°18'26.10"E).
An environmental and social compliance audit (ESCA) as per ADB SPS was commissioned to review the compliance of ongoing preconstruction activities and land procurement process along with related involuntary resettlement. Per the ESCA, Enren is in the process of acquiring a total of 1,650 acres of land for the project. Approximately 992 acres are private agricultural land being acquired through a long-term lease agreement on a willing lessor and willing lessee basis. The remaining 658 acres are government land parcels which will be allotted by the district administration.
Informal land use (wheat farm) and structures (residential structure of a migrant agricultural worker and a cattle trough) have been identified on two to three parcels of government land. Grazing activities have also been observed in the area.
As for the land for evacuation infrastructure, the distance between the project site and the existing substation is about 200 meters, requiring no easement rights as the 220kV transmission line runs through government land.
A project resettlement and livelihood restoration plan (RLRP) will address involuntary resettlement impacts on the affected people on such government land parcels and will be actioned if these parcels are finally allotted to the project. The RLRP will also address any impacts on landowners (landlessness, impoverishment) who willingly leased their land to the project through negotiated settlement.

Investment Description

Here you can find a list of individual development financial institutions that finance the project.

Asian Development Bank (ADB)

Private Actors Description

A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

ENGIE Group is a French multinational company with a presence in 70 countries with an installed capacity of 115 GW.According to their website, ENGIE is a global energy and services group operating in the three key business sectors of low-carbon electricity generation (with particular emphasis on natural gas and renewables), energy infrastructures and customer solutions.

Solairedirect Energy India Private Limited, the Indian subsidiary of Engie Solar India Private Limited. Enren Energy Private Limited (EEPL) is a special-purpose vehicle incorporated by Solairedirect for this project.

Private Actor 1	Private Actor 1 Role	Private Actor 1 Sector	Relation	Private Actor 2	Private Actor 2 Role	Private Actor 2 Sector
ENGIE	Parent Company	Energy	owns	Engie Solar India Private Limited	Undisclosed	Energy
Engie Solar India Private Limited	Parent Company	Energy	owns	Solairedirect Energy India Pvt Ltd	Client	Energy
Solairedirect Energy India Pvt Ltd	Client	Energy	owns	Enren Energy Private Limited	Client	Energy

Contact Information

This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

ADB Team Leader:

Keshari Nandan Agrawal - Senior Investment Specialist

No contacts provided at the time of disclosure.

Project Sponsor - Solairedirect Energy India Pvt Ltd:

Address: Office No 203 2nd Floor Pentagon P3 Magarpatta City Hadapsar, Pune, Maharashtra 411013, IN
Website: http://www.solairedirect.in/

Client's contacts not available at the time of disclosure.

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.adb.org/forms/request-information-form

ADB has a two-stage appeals process for requesters who believe that ADB has denied their request for information in violation of its Access to Information Policy. You can learn more about filing an appeal at: https://www.adb.org/site/disclosure/appeals

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.