EXIM BANK OF INDIA CLIMATE CHANGE FL

Framework Loan supporting investment projects that contribute to climate change mitigation.

The proposed operation would contribute to the development of clean energy and the avoidance or reduction of greenhouse gas emissions. It would support the EU-India Strategic Partnership which foresees, inter alia, cooperation in fighting climate change.

The operation will focus on small or medium sized projects with in principle limited environmental impacts. However, some schemes if located in the EU may be categorised as Annex II-type projects under the EIA Directive, which would require a review by the competent authority to determine the need for environmental impact assessment. National environmental legislation and the environmental and social due diligence procedures of the borrower will be assessed during appraisal, in order to assure the compliance of the selected projects with EU Environmental and Social guidelines, including due consideration for protection of sites of nature conservation.

The Bank will require the promoter to ensure that implementation of the project will be done in accordance with the Bank’s Guide to Procurement.

This operation is covered by the EU Guarantee for EIB loans outside the EU.