fbpx 41922-034: South Asia Clean Energy Fund | Asian Development Bank

Regional: South Asia Clean Energy Fund

Nonsovereign (Private) Project | 41922-034 Status: Active

ADB committed to invest up to $20 million in the South Asia Clean Energy Fund, or 25% of the Fund's total share capital, whichever is less.

The Fund was established to invest in companies and projects that promote the use of efficient, reliable and cleaner forms of energy in South Asia.

Project Details

Project Officer
Pacifico, Catherine C. Private Sector Operations Department Request for information
Country
  • Regional
 
Project Name South Asia Clean Energy Fund
Project Number 41922-034
Borrower/Company SOUTH ASIA CLEAN ENERGY FUND
Country Regional
Location Regional
Type or Modality of Assistance
7293 Equity Ordinary capital resources USD 20.00 million Committed
Strategic Agendas Environmentally sustainable growth
Drivers of Change
Sector / Subsector

For classification / For classification

Gender Equity and Mainstreaming
Responsible ADB Department Private Sector Operations Department
Responsible ADB Division Portfolio Management Division, PSOD
Responsible ADB Officer Pacifico, Catherine C.
Project Sponsor(s)
Description

ADB committed to invest up to $20 million in the South Asia Clean Energy Fund, or 25% of the Fund's total share capital, whichever is less.

The Fund was established to invest in companies and projects that promote the use of efficient, reliable and cleaner forms of energy in South Asia.

Objectives and Scope The Fund intends to provide growth capital in renewable energy, energy efficiency, clean technology, and environmental services, targeting growth businesses with the ability to expand in domestic and global markets and a specific focus on applied technologies, and the suppliers and manufacturers of renewable energy products and services.
Status of Development Objectives The Fund's investments will facilitate significant development in different subsectors of clean energy and help reduce greenhouse gas emission and mitigate climate change. The investments will also support the promotion of environmentally friendly, sustainable economic growth in ADB's developing member countries.
Linkage to Country/Regional Strategy The call for proposals (CFP) is fully in line with ADB's clean energy and environment program and its various initiatives, including Energy Efficiency Initiative (EEI) and Renewable Energy, Energy Efficiency, and Climate Change (REACH) and, more broadly with ADB's efforts to deal with climate change.
Safeguard Categories
Environment FI
Involuntary Resettlement C
Indigenous Peoples A
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 25 Jun 2007
Credit Committee Meeting 10 Mar 2008
Approval 17 Apr 2008
Last PDS Update 28 Sep 2018

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.

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Related Publications

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