Grid-Connected Rooftop Solar Program (WB-P155007)

Countries
  • India
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
Bank Risk Rating
B
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
May 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
REPUBLIC OF INDIA
The holder of the loan, grant, or other investment.
Sectors
  • Construction
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)
$ 500.00 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)
$ 915.00 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 @ WB website

Updated in EWS Aug 1, 2017

Disclosed by Bank Dec 20, 2015


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Project Description
This project provides major funding intended to establish solar panel rooftops throughout India to help the government of India meet its energy targets. The project will involve the sale of these rooftop solar panels, either through direct purchase or debt financing.
Investment Description
  • World Bank (WB)
Contact Information
World Bank: Contact: Ms. Mohua Mukherjee Title: Sr. Energy Specialist Tel: 5220-37428 Email: mmukherjee@worldbank.org Borrower/Client/Recipient: Contact: Mr. Lekhan Thakkar Title: Director (MI) Tel: +91-011-23094193 Email: Lekhan.t@nic.in Responsible Agencies: Contact: Mr. Tarun Kapoor Title: Joint Secretary, Ministry of New & Renewable Energy Tel: +91-011-24360359 Email: tarun.kapoor@nic.in Responsible Agencies: Contact: Mr. K.S. Barguzar Title: Dy. General Manager, State Bank of India Tel: +91-022-22740439 Email: dgm2.cppd@sbi.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.