SBI CLIMATE ACTION FL

Promoteur – Intermédiaire Financier

STATE BANK OF INDIA

Lieu

• Inde

Description

The operation consists of a framework loan to support climate action investments in India. The facility will finance renewable energy generation projects, electric mobility or green hydrogen production, as well as potentially other eligible climate action investments.

Objectifs

The framework loan will finance a series of renewable energy generation plants located in India, mostly of small to medium size, as well as potentially other climate action investments, such as renewable energy equipment manufacturing or low carbon transport, promoted by private sector companies.

Secteur(s)

• Énergie - Production et distribution d'électricité, de gaz, de vapeur et d'air conditionné

Montant BEI envisagé (montant approximatif)

EUR 200 million

Coût total (montant approximatif)

EUR 400 million

Aspects environnementaux

If the schemes were located within the EU, most of them would fall under Annex II of the Environmental Impact Assessment (EIA) Directive (2014/52/EU amending the EIA Directive 2011/92/EU), with the competent authorities assessing the need for an EIA. The inclusion of certain interconnection infrastructure, falling under Annex I, would require a mandatory EIA. In India, environmental and social regulations include some of the elements present in the EU Directives, although there is traditionally certain lack of enforcement. In particular, national regulation requires an Environmental and Social Standards Assessment (ESIA) for these type of projects. Compliance with ESIA at the Framework Loan and allocation levels will be verified during the appraisal of the schemes, in particular the Promoters' environmental and social capabilities and procedures, public consultation process, vulnerable groups and land tenure issues.

Passation des marchés

The Promoter has to ensure that implementation of the project will be done in accordance with the EIB's Guide to Procurement.

Statut

Signé - 31/12/2022