The Clean Energy Finance Investment Program (the Program) is a proposed multi-tranche financing facility (MFF) in the nature of a financial institution loan with sovereign guarantee by India, which will support the Indian Renewable Energy Development Agency Limited (IREDA) to obtain longer tenor funds for onlending to sub-borrowers for renewable energy (RE) and energy efficiency (EE) projects for up to 15 years. This program will support IREDA in financing such projects which are otherwise eligible for ADB financing, but would not be directly financed due to their smaller sizes ranging between $5 million to $15 million. Outputs will include a large number of investment subprojects for generation of RE using sources such as wind, biomass, hydro, solar, and cogeneration, and projects for improving demand-side EE.
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Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.
The Public Communications Policy (PCP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.
The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.
In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.