Release date: 10 July 2018
Promoter – Financial Intermediary
PRIVATE ENTITY(IES)Location
Description
The operation consists of an equity participation in the Global Environment Fund (GEF) South Asia Growth Fund II. GEF is an USD 150m regional fund targeting SMEs that promote energy efficiency, environmental actions and circular economy in agricultural projects, renewable energy and efficient use of water in India and Bangladesh.
Objectives
The Fund will contribute to promoting a more efficient use of energy and water in India (and possibly neighbouring countries) by investing in SMEs that provide a broad range of environmental products and services.
Sector(s)
- Agriculture, fisheries, forestry - Agriculture, forestry and fishing
- Water, sewerage - Water supply; sewerage, waste management and remediation activities
- Energy - Electricity, gas, steam and air conditioning supply
Proposed EIB finance (Approximate amount)
USD 25 million (EUR 22 million)
Total cost (Approximate amount)
USD 150 million (EUR 133 million)
Environmental aspects
The Fund is expected to comply with EIB's environmental and social management standards.
Procurement
The Fund is expected to comply with EIB's procurement guidelines.
Status
Signed - 10/05/2019
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).