India: IND: GUJARAT PAGUTHAN WIND ENERGY FINANCING FACILITY (Samana Phase-I Project)

Nonsovereign Project | 42902-014

Summary

IND: GUJARAT PAGUTHAN WIND ENERGY FINANCING FACILITY (Samana Phase-I Project)

Latest Project Documents

Consulting Notices

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Project Results

 

69,000

tCO2 equivalent per year in greenhouse gas emission reduction

 

50.40

MW installed energy generation capacity using conventional and renewable energy sources

 

172.80

MW installed energy generation capacity using renewable energy sources

The results data reported above are limited to ADB's core sectors, as defined under Strategy 2020 and tracked through indicators in the ADB Results Framework. For definitions of results indicators, please see the ADB Results Framework Indicators Definition.


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Project Name IND: GUJARAT PAGUTHAN WIND ENERGY FINANCING FACILITY (Samana Phase-I Project)
Project Number 42902-014
Borrower/Company CLP WIND FARMS PVT. LTD
GUJARAT PAGUTHAN ENERGY CORPORATION PRIVATE LIMITED
Country India
Location Samana, Gujarat
Approval Number 7277/2417
Type or Modality of Assistance
7277/2417 Loan USD 45.00 million Committed
Strategic Agendas
Drivers of Change
Sector / Subsector

Energy - Renewable energy generation - wind

Gender Equity and Mainstreaming
Responsible ADB Department Private Sector Operations Department
Responsible ADB Division Portfolio Management Division, PSOD
Responsible ADB Officer Aniruddha V. Patil
Project Sponsor(s) Gujarat Paguthan Energy Corporation Private Limited (GPEC)
Description IND: GUJARAT PAGUTHAN WIND ENERGY FINANCING FACILITY (Samana Phase-I Project)
Objectives and Scope
Linkage to Country/Regional Strategy

The loan is consistent with ADB s India Country Partnership Strategy (CPS), which emphasizes infrastructure development, private sector participation, and renewable energy development in the country. Specifically in the power sector, policy dialogue by the South Asia Regional Department has focused on: (i) supporting sector reform and restructuring; (ii) enhancing energy efficiency and clean energy development; and (iii) promoting balanced physical infrastructure development. The ADB loan is in line with these strategies and dovetails efforts including ongoing dialogues with the Government under public sector operations. The Project has been contributing in meeting the significant energy and power shortages in the state of Gujarat.

The loan is consistent with ADB s energy sector policy. It also forms a part of ADB s clean energy and environment program, which was launched in response to the communique by the Group of 8 Gleneagles Summit in July 2005. ADB s energy policy states that ADB will promote the development of renewable energy sources in developing member countries, and that ADB will also assist in implementing such projects, preferably through private sector involvement to ensure their sustainable long term operations. The clean energy and environment program includes implementation of renewable energy investment opportunities. The Project may also benefit from assistance from ADB s Asia Pacific Carbon Fund for upfront financing of future revenues from certified emission reduction units (CERs).

Safeguard Categories
Environment B
Involuntary Resettlement C
Indigenous Peoples C
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
Timetable for assistance design, processing and implementation
Concept Clearance 17 Dec 2007
Due Diligence 11 Jan 2008
Credit Committee Meeting 12 Mar 2008
Approval 17 Apr 2008
PDS Creation Date 21 Feb 2008
Last PDS Update 09 Sep 2014
Title Document Type Document Date
Gujarat Paguthan Wind Energy Financing Facility Extended Annual Review Reports Nov 2012
Gujarat Paguthan Wind Energy Financing Facility Reports and Recommendations of the President Mar 2008

Safeguard Documents

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No documents found.

Evaluation Documents

See also: Independent Evaluation
Title Document Type Document Date
India: Gujarat Paguthan Wind Energy Financing Facility Validations of Project Completion Reports Sep 2014

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