Release date: 24 October 2011
Promoter – Financial Intermediary
Srei Infrastructure Finance Limited
Location
Description
Framework loan supporting investment projects that contribute to climate change mitigation.
Objectives
The proposed project is in line with the EU policy of strengthening the strategic partnership and cooperation with India in the area of climate change, since it would contribute to the efficient use of energy, the development of renewable energy, and the associated avoidance of green house gas emissions.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to USD 100 million
Total cost (Approximate amount)
USD 200 million
Environmental aspects
The operation will support projects that contribute to the reduction of greenhouse gases emissions and other airborne pollutants. The sub-schemes are expected to have limited negative environmental and social impacts. None of the sub-schemes submitted for part-financing by the Bank will have a significant negative impact on sites of nature conservation. Standard safeguards and monitoring procedures will ensure that project implementation is satisfactory and complies in particular with the environmental and social requirements of the Bank.
Procurement
The procurement procedures applied by the Borrower will comply with the Bank’s Guide to Procurement including the publication of tenders in the Official Journal of the EU when appropriate.
Status
Signed - 23/07/2013
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).