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

  • 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
Bank Risk Rating
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 17, 2018
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.
Government of Republic of India
The holder of the loan, grant, or other investment.
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 80.00 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)
$ 1,348.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Aug 9, 2018

Disclosed by Bank Nov 1, 2017

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Project 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
  • World Bank (WB)
Private Actors
Private Actors Description

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).

Contact Information

World Bank
Contact: Mr. Ashok Sarkar
Title: Senior Energy Specialist, World Bank
Tel: +1 202 473 5391

Contact: Ms. Defne Gencer
Title: Senior Energy Specialist, World Bank
Tel: +1 202 473 6037

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

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

Contact: Mr. Lekhan Thakkar
Title: Director (MI), DEA, Ministry of Finance
Tel: +91-11-23094193

Implementing Agencies
Contact: Mr. Mohit Khatri
Title: Deputy General Manager (Finance), EESL
Tel: +91 120 490 8000


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