Demand-Side Energy Efficiency Sector Project - Additional Financing (ADB-48224-003)

Countries
  • India
Where the impacts of the investment may be experienced.
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
Bank Risk Rating
C
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 12, 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
Energy Efficiency Services Limited
The holder of the loan, grant, or other investment.
Sectors
  • Energy
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.
Grant Amount (USD)
$ 13.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 13.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Jan 17, 2019

Disclosed by Bank Sep 26, 2018


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Project Description

According to the bank document, "the main activities under the ADB-administered Global Environment Facility (GEF) co-finance component include: 1) gender inclusive social marketing campaigns to increase awareness of energy efficiency at multiple levels, 2) design and establishment of an energy efficiency revolving fund (EERF), to be managed by Energy Efficiency Services Limited (EESL), 3) pilot subproject investments in at least three new technology areas as part of EESL's expansion plans, and 4) defining future investment opportunities in new energy efficiency markets, including project pipeline for the EERF."

 

Investment Description
  • Asian Development Bank (ADB)

Cofinancing:

Global Environment Facility US$ 13 million

Private Actors
Contact Information

Responsible ADB Officer Acharya, Jiwan S.

Responsible ADB Department South Asia Department

Responsible ADB Division Energy Division, SARD

Executing Agencies Energy Efficiency Services Limited
A-13, IWAU Building, 4th Floor Sector-1, Noida - 201301 Uttar Pradesh 

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