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According to AIIB documents, the objective of this project is to promote electricity generation from solar energy resources through private capital mobilization. This involves the development, construction, and maintenance of a 300MWAC solar power project in Bikaner District, Rajasthan, India. Offtake of the project will be underpinned by a 25-year Power Purchase Agreement that will be signed with the Solar Energy Corporation of India.
-The project is expected to contribute to GOI’s renewable energy target of 2022. The carbon reduction due to this Project will be calculated during the Project preparation. The project is estimated to result in the avoidance of GHG emissions of approximately 592,174 tons of CO2 equivalent annually.
- The proposed project is being considered alongside IFC and has been prepared in accordance with IFC Sustainability Framework comprising the Policy on Environmental and Social Sustainability, Performance Standards (PSs), and Access to Information Policy. To ensure a harmonized approach to addressing the environmental and social (ES) risks and impacts of the Project, and as permitted under AIIB’s Environmental and Social Policy (ESP), IFC’s PSs are applicable for this Project in lieu of AIIB’s ESP.
-Several consultations were conducted as part of the ESIA preparation. An Environmental and Social Review Summary and the ESAP are disclosed on April 8, 2021, on IFC website. A SEECA (Social, Environmental and Economic Context Analysis) study has been prepared in October 2020, including social baseline, stakeholder identification and the distribution of project benefits, as well as a Creating Shared Value (CSV) Action Plan.
-Land requirement for project components is said to be procured through lease arrangements -instead of permanent purchase- with private landowners and allocation of government revenue land. Land lease process is currently underway, 90% of which is told to be completed. The broad terms of the lease agreement, the lease period and the lease rate were confirmed through consultations with landowners from whom land has already been leased for the project.
BORROWER
Mukesh Kumar
Project Manager
PROJECT TEAM LEADERS
Asian Infrastructure Investment Bank
Pratyush Mishra
Investment Operations Specialist
IFC
Ankur Sood
Investment Officer
ACCESS TO INFORMATION
You can submit an information request for project information at: https://www.aiib.org/en/contact/information-request/index.html
ACCOUNTABILITY MECHANISM OF AIIB
The AIIB has established the Accountability Mechanism for Project-Affected People (PPM). The PPM provides Òan opportunity for an independent and impartial review of submissions from Project-affected people who believe they have been or are likely to be adversely affected by AIIBÕs failure to implement the ESP in situations when their concerns cannot be addressed satisfactorily through Project level GRMs or AIIB Management processes.Ó Two or more project-affected people can file a complaint. Under the current AIIB policy, when the bank co-finances a project with another development bank, it may apply the other bank's standards. You can refer to the Project Summary Information document to find out which standards apply. You can learn more about the PPM and how to file a complaint at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/how-we-assist-you/index.html
The complaint submission form can be accessed in Arabic, Bahasa Indonesia, Bengali, Chinese, English, Tagalog, Hindi, Nepali, Russian, Turkish, or Urdu. The submission form can be found at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/submission/index.html
