India: Hydro and Wind Power Development Project

Nonsovereign Project | 46919-014

Summary

NRPPL is a leading renewable power developer in India. The company has 252 MW of operational projects (5 hydro, 215 MW wind, 12 MW biomass, and 20 MW solar), 225 MW under construction or advanced development (150 MW in hydro and 75 MW in wind), and 861 MW of wind projects under early development. NRPPL intends to have a diversified portfolio of more than 1,000 MW operational renewable power projects by 2017.

The project encompasses the development by NRPPL of at least 175 MW of renewable energy projects by 2017. The 100 MW Tidong hydro power project in Himachal Pradesh and the 75 MW Chilarewadi wind project in Maharashtra are included as identified subprojects in the scope of the project. The company may identify other wind subprojects in India after ADB board approval.

Latest Project Documents

Consulting Notices

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Project Name Hydro and Wind Power Development Project
Project Number 46919-014
Borrower/Company NSL RENEWABLE POWER PRIVATE LIMITED
Country India
Location Himachal Pradesh and Maharashtra
Approval Number 7386
Type or Modality of Assistance
7386 Equity Investment USD 30.00 million Committed
Strategic Agendas
Drivers of Change
Sector / Subsector

Energy - Large hydropower generation - 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 Cindy Teo
Project Sponsor(s) Mandava Holdings Private LImited
Description

NRPPL is a leading renewable power developer in India. The company has 252 MW of operational projects (5 hydro, 215 MW wind, 12 MW biomass, and 20 MW solar), 225 MW under construction or advanced development (150 MW in hydro and 75 MW in wind), and 861 MW of wind projects under early development. NRPPL intends to have a diversified portfolio of more than 1,000 MW operational renewable power projects by 2017.

The project encompasses the development by NRPPL of at least 175 MW of renewable energy projects by 2017. The 100 MW Tidong hydro power project in Himachal Pradesh and the 75 MW Chilarewadi wind project in Maharashtra are included as identified subprojects in the scope of the project. The company may identify other wind subprojects in India after ADB board approval.

Objectives and Scope

ADB's assistance will:

(i) Support the government's policy to develop renewable energy sources;

(ii) Support a local renewable energy sponsor with good track record;

(iii) Catalyze private equity investment and facilitate a future IPO;

(iv) Potentially provide carbon offtake through ADB's Future Carbon Fund.

Linkage to Country/Regional Strategy The project is aligned with ADB's India Country Partnership Strategy (CPS) 2009-2012. One of the four strategy pillars of the CPS is support for inclusive and environmentally sustainable growth through an enhanced focus on renewable energy. The draft CPS 2013-2017 maintains this focus with a call for the expansion of clean and renewable energy development.
Status of Development Objectives n/a
Material Changes None
Safeguard Categories
Environment A
Involuntary Resettlement B
Indigenous Peoples C
Summary of Environmental and Social Aspects
Environmental Aspects In compliance with ADB's Safeguard Policy Statement (2009), the project is classified as category A for environment, category B for involuntary resettlement, and category C for indigenous peoples based on the significance of impacts from two identified subprojects (Tidong and Chilarewadi). The potential environmental and social impacts of the project have been identified and effective measures to avoid, minimize, mitigate, and compensate for the adverse impacts are incorporated in the corporate audit report recommendations and safeguard reports and plans for the identified projects. The institutional capacity of NRPPL to manage the project's social and environmental impacts needs to be strengthened. The company is committed to continue to build the capacity of its staff and contractors to effectively manage these impacts. Information disclosure and consultations with affected people are conducted in accordance with ADB's requirements.
Involuntary Resettlement - same as above -
Indigenous Peoples - same as above -
Stakeholder Communication, Participation, and Consultation Numerous consultations were held with local communities for both the Tidong and Chilarewadi subprojects. In both subprojects, NRPPL has obtained no-objection certificates from various communities detailing their commitments to assist these communities in various local infrastructure projects. These agreements are described in the respective environment and social plans.
Timetable for assistance design, processing and implementation
Concept Clearance 23 Jul 2012
Due Diligence 21 Sep 2012
Credit Committee Meeting 28 Feb 2013
Approval 12 Apr 2013
PDS Creation Date 26 Jun 2012
Last PDS Update 23 Sep 2014
Title Document Type Document Date
Hydro and Wind Power Development Project Reports and Recommendations of the President Mar 2013
Hydro and Wind Power Development Project Initial Poverty and Social Analysis Aug 2012
NSL Renewable Power Project: Project Data Sheet (हिन्दी) Translated PDS Jun 2012

Evaluation Documents

See also: Independent Evaluation

No documents found.


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