Canara Renewable Energy Financing Scheme (NDB-canara-india)

Countries
  • India
Where the impacts of the investment may be experienced.
Financial Institutions
  • New Development Bank (NDB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Bank Risk Rating
U
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
Apr 13, 2016
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
Canara Bank; Government of India
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)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 250.00 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)
$ 500.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Bank Documents
Primary Source

Original disclosure @ NDB website

Updated in EWS Mar 8, 2018


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Project Description

This project finances Canara Bank in long term funding for renewable energy sub-projects in order to promote renewable energy development. It will also enhance Canara Bank’s institutional capacity to scale up lending sustainable development in energy sectors. 

Investment Description
  • New Development Bank (NDB)
Contact Information

*No contacts available at time of writing.

New Development Bank: projects@ndb.int