India: Solar and Wind Power Development Project

Nonsovereign Project | 47920-014 Status: Active


Latest Project Documents

Consulting Notices See also: CMS

No notices are currently available for this project.

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.

Project Name Solar and Wind Power Development Project
Project Number 47920-014
Country India
Approval Number 7400
Type or Modality of Assistance
7400 Equity USD 50.00 million Committed
Strategic Agendas Environmentally sustainable growth
Inclusive economic growth
Drivers of Change Private sector development
Sector / Subsector

Energy - Renewable energy generation - solar - 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 Anshukant Taneja
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.

Linkage to Country/Regional Strategy The project is consistent with ADB's Strategy 2020. It relates to two of the strategy's five core pillars: infrastructure and environment. The strategy calls for ADB support to clean energy development to meet growing energy demands in a sustainable manner. The project will also contribute to ADB's operational goal of scaling up private sector development. The project is aligned with the India country partnership strategy, 2013 2017, which calls for investments in renewable energy development, particularly solar.
Status of Development Objectives n/a
Material Changes n/a

Safeguard Categories

Environment B
Involuntary Resettlement C
Indigenous Peoples C

Summary of Environmental and Social Aspects

Environmental Aspects The proposed equity investment is considered as general corporate finance in accordance with ADB's Safeguard Policy Statement (2009); it is classified category B for environment and category C for involuntary resettlement and indigenous peoples. Although solar and wind power projects involve potential environmental impacts during construction and operation (e.g. potential water and land pollution), these impacts are site-specific, reversible and can be mitigated using tested mitigation measures. As required under the Safeguard Policy Statement, a corporate safeguards audit was conducted during due diligence. A corrective action plan which describes gap-filling measures at the corporate and project level was prepared based on the audit findings. WREL will be required to adopt an environmental and social management system (ESMS) satisfactory to ADB prior to ADB's investment. To ensure adequate implementation of its ESMS, WREL has agreed to develop its capacity to oversee the ESMS implementation at the corporate level and at the project level.
Involuntary Resettlement -
Indigenous Peoples -
Stakeholder Communication, Participation, and Consultation n/a

Timetable for assistance design, processing and implementation

Concept Clearance 22 Jul 2013
Due Diligence
Credit Committee Meeting 06 Nov 2013
Approval 12 Dec 2013
PDS Creation Date 15 Jul 2013
Last PDS Update 23 Sep 2014
Title Document Type Document Date
Solar and Wind Power Development Project: Project Data Sheet (हिन्दी) Translated PDS Jun 2014
Solar and Wind Power Development Project Reports and Recommendations of the President Nov 2013
Solar and Wind Power Development Project Initial Poverty and Social Analysis Nov 2013

Safeguard Documents See also: Safeguards

Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.

None currently available.

Evaluation Documents See also: Independent Evaluation

None currently available.

Related Publications

None currently available.

The Public Communications Policy (PCP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.

Requests for information may also be directed to the InfoUnit.