MP Solar UMPP (IFC-600691)

Countries
  • India
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
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
U
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
Jun 3, 2015
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.
Sectors
  • Energy
  • Infrastructure
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 0.55 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 @ IFC website

Updated in EWS Aug 4, 2017

Disclosed by Bank Mar 9, 2016


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Project Description
IFC will provide transaction advisory support to the New & Renewable Energy Department (NRED), Government of Madhya Pradesh (GoMP) to assist in the implementation of a grid connected ground mounted solar Ultra Mega Power Project (UMPP) in Rewa district of Madhya Pradesh which involves installation and operation of grid connected solar panels by a competitively selected private sector developer(s).
People Affected By This Project
The objective of the project is to assist the New & Renewable Energy Department (NRED), Government of Madhya Pradesh (GoMP) in implementing a grid connected ground mounted solar Ultra Mega Power Project (UMPP) in Rewa district of Madhya Pradesh The successful implementation of the project is expected to result in clean power generation, avoidance of greenhouse gas emissions, and mobilization of private sector investment in the renewable energy sector.
Investment Description
  • International Finance Corporation (IFC)
$577,019.00 (Project budget includes all project-funded activities) Cross-Industry Advisory Services
Contact Information
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