This project finances a 750MWac Rewa Ultra Mega Solar Park in the Rewa district of Madhya Pradesh, India.
1. Increasing clean energy production: The Project will help in achieving Government of India's Intended Nationally Determined Contribution of reducing the emissions intensity of its GDP by 33 to 35 percent by 2030 from 2005 levels, and reaching about 40 percent cumulative electric power installed capacity from non-fossil fuel based energy resources by 2030.
2. Climate Change Mitigation: IFC's investment will enable clean energy production that will help avoid GHG emissions. As the Project progresses based on actual power generation figures, company will estimate the GHG emissions reduction and report to IFC as part of its annual E&S performance monitoring report.
3. Employment generation: The Project will create employment opportunities - estimated 400 during construction and 60 in operation phase.
SPPL is a company instituted under ACTIS Energy Fund 4. Arinsun Clean Energy Private Limited which is a subsidiary of SPPL will undertake the Project development, construction, financing and its operations and maintenance.
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Arinsun Clean Energy Pvt. Ltd
C S Anand
Head of Operations
Office#201, Level2, Pentagon P-2,Magarpatta City, Hadapsar, Pune 411013, Maharashtra, India
ACCOUNTABILITY MECHANISM OF IFC
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