MP Solar PPP-2 (IFC-602247)

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
Sep 29, 2017
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
Rewa Ultra Mega Solar Ltd
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)
Advisory Services
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
Not Disclosed
When disclosed, the bank did not provide this value. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Feb 15, 2019

Disclosed by Bank Dec 13, 2018


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Project Description

According to the bank website, IFC will advise the Rewa Ultra Mega Solar Ltd and the State Government of Madhya Pradesh in designing, structuring and tendering a solar power IPP project with a total capacity of 1500MW. This advisory role builds off the work done to structure and tender the first 750MW Rewa Ultra Mega solar project in 2017, which achieved record low solar tariffs in India.

Investment Description
  • International Finance Corporation (IFC)
Contact Information

ACCOUNTABILITY MECHANISM OF IFC

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