India Energy Efficiency Scale-Up Program Guarantee (WB-P165488)

Countries
  • India
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
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."
Voting Date
May 17, 2018
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Government of Republic of India
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Guarantee
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 80.00 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)
$ 1,348.00 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
Other Related Projects
Primary Source

Original disclosure @ WB website

Updated in EWS Aug 9, 2018

Disclosed by Bank Nov 1, 2017

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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.

According to website of the World Bank, the proposed project would support 'Energy Efficiency Services Limited (EESL)' for Energy Efficiency (EE) market transformation in India. The operation is primarily focused on scaling up deployment of energy efficient appliances and equipment in the residential and public sectors. The project objectives are to a) scale up energy savings in residential and public sectors, b) strengthen EESL’s institutional capacity, and c) enhance its access to commercial financing. 

Following are the four results areas covered under this program:

(i) Results Area 1: Energy savings and EE market transformation in the residential sector
(ii) Results Area 2: Energy savings and EE market transformation in public street lighting
(iii) Results Area 3: Development of sustainable business models in new EE market segments
(iv) Results Area 4: Institutional strengthening for sustainable EE scale-up

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.

Energy Efficiency Services Limited (EESL) is a joint venture of four National Public Sector Undertakings – NTPC Limited, Power Finance Corporation Limited, Rural Electrification Corporation Limited and POWERGRID Corporation of India Limited, set up under Ministry of Power, Government of India. EESL is a Super Energy Service Company (ESCO).

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Energy Efficiency Services Limited (EESL) Client -

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.

World Bank
Contact: Mr. Ashok Sarkar
Title: Senior Energy Specialist, World Bank
Tel: +1 202 473 5391
Email: asarkar@worldbank.org

Contact: Ms. Defne Gencer
Title: Senior Energy Specialist, World Bank
Tel: +1 202 473 6037
Email: dgencer@worldbank.org

Contact: Mr. Simon Stolp
Title: Lead Energy Specialist, World Bank
Tel: +91-11 4924 7755
Email: sstolp@worldbank.org

Contact: Mr. Donald Joseph Purka
Title: Senior Infrastructure Finance Specialist, World Bank
Tel: +1 202 458 8771
Email: dpurka@worldbank.org

Borrower/Client/Recipient
Contact: Mr. Lekhan Thakkar
Title: Director (MI), DEA, Ministry of Finance
Tel: +91-11-23094193
Email: Lekhan.t@nic.in

Implementing Agencies
Contact: Mr. Mohit Khatri
Title: Deputy General Manager (Finance), EESL
Tel: +91 120 490 8000
Email: mkhatri@eesl.co.in

ACCOUNTABILITY MECHANISM OF WORLD BANK

The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.

How it works

How it works