India : SAEL Biomass Energy Project (ADB-56276-001)

  • South Asia
Geographic location where the impacts of the investment may be experienced.
  • India
Geographic location where the impacts of the investment may be experienced.
Specific Location
Rajasthan- Bikaner, Churu, Hanumangarh, Jhunjhunu and Sikar
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
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."
SAEL Industries Ltd. and subsidiaries
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • Agriculture and Forestry
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Potential Rights Impacts
  • Healthy Environment
  • Housing & Property
  • Labor & Livelihood
Only for projects receiving a detailed analysis, a broad category of human and environmental rights and frequently at-risk populations.
Investment Type(s)
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 91.38 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.
Loan Amount (USD)
$ 91.38 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.
Project Cost (USD)
$ 121.50 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
Primary Source

Original disclosure @ ADB website

Updated in EWS Dec 15, 2023

Disclosed by Bank Mar 3, 2023

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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 ADB's project documents, the proceeds of the ADB debt financing will be utilized to fund the construction of  five 14.9 MW biomass power plants with a total generation capacity of 74.5-megawatt, utilizing agricultural residue as feedstock, in districts of Bikaner, Churu, Hanumangarh, Jhunjhunu and Sikar in the state of Rajasthan, India. 

The project seeks to (i) reduce the burning of agricultural residue, which is the present mode of disposal by the farmers, causing air pollution in north India; (ii) provide additional income to the farmers; and (iii) further diversify the energy mix of India in favor of renewable energy.

The project is aligned with the Indian government's target of reaching at least 500 gigawatts of non-fossil energy capacity, meeting 50% of India's energy requirements from renewable energy sources, and reducing the carbon emissions intensity of the economy by 45% by 2030. It contributes to ADB's goal to provide cumulative climate finance of $100 billion during 2019-2030, since the loan contributes to ADB's climate financing. By promoting stable power supply and increasing the proportion of renewable energy, the project is aligned with pillar 2 (inclusive provision of infrastructure networks and services) and pillar 3 (addressing climate change and increasing climate resilience) of ADB's country partnership strategy for India, 2018-2022. The country partnership strategy also refers to focusing on the government's priority of doubling farmers' incomes, which the project will support by generating additional income to the farmers through feedstock procurement. The project has been assessed as being Paris-aligned in accordance with the Guidance Note on Implementing Operations' Alignment with the Paris Agreement at ADB and is fully aligned with ADB's Energy Policy, which prioritizes support for renewable energy development.

The ADB categorized the risk of the project 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.

The Project has been categorized as B for involuntary resettlement as a result of the project's planned development of transmission lines which may have limited physical and economic displacement. The borrower has committed to avoiding physical displacement and minimizing economic displacement as it identifies the transmission line alignments for each of the five sites.

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

Project sponsors: SAEL Industries Limited, SAEL Limited

The borrowers are the following subsidiaries of SAEL Industries Ltd:

- Chattargarh Renewable Energy Private Limited;
- KTA Power Private Limited;
- Sardarshahar Agri Energy Private Limited;
- TNA Renewable Energy Private Limited;
- VCA Power Private Limited.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - SAEL Industries 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:

Sumika Nakane, Private Sector Operations Department

No contacts available at the time of disclosure.


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