Summary sheet
Financing for corporate project developers in India via an intermediated loan to part-finance the implementation of 800MW utility-scale solar energy investments in India
The operation consists of a framework loan to support utility-scale (50MW ) solar energy investments in India.
The operation will focus on solar projects with in principle limited environmental and social impact. Environmental and social pre-screening of the projects, including connection infrastructure where applicable, will be required. The experience, procedures and capacity of the borrower to check eligibility, perform due diligence and monitor projects following the EIB's environmental and social policy and standards will be appraised. Ex-ante appraisal of allocations by the Bank will be required and schemes will be subject in all cases to ex-ante environmental and social due diligence by the EIB.
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.
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).
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Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.
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The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.
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