India: Avaada Solar Project

Nonsovereign Project | 52126-001

Project Details

  • Project Officer
    Choudhary, Mayank
    Private Sector Operations Department
    Request for information
  • Approval Date
    22 February 2019
  • Country/Economy
  • Sector
    • Energy
Project Name Avaada Solar Project
Project Number 52126-001
Borrower / Company Avaada Energy Private Limited
Country / Economy India
Location Nation-wide
Type or Modality of Assistance
7587 Equity Ordinary capital resources INR 1,753.16 million Approved
JL05 Equity Leading Asia's Private Infrastructure Fund (LEAP) USD 25.00 million Approved
Strategic Agendas Environmentally sustainable growth
Inclusive economic growth
Drivers of Change Partnerships
Private sector development
Sector / Subsector

Energy / Renewable energy generation - solar

Gender Equity and Mainstreaming Some gender elements
Responsible ADB Department Private Sector Operations Department
Responsible ADB Division Portfolio Management Division, PSOD
Responsible ADB Officer Choudhary, Mayank
Project Sponsor(s) Avaada Ventures Private Limited
Objectives and Scope The proposed investment will enable Avaada Energy Private Limited to expand its solar photovoltaic (PV) generation capacity. The project will help the Government of India to meet the targets for non-fossil-fuel-based electric power generation and reduce India's emission intensity.
Linkage to Country/Regional Strategy The project is fully aligned with ADB's Energy Policy and is consistent with ADB's Strategy 2030. It will contribute to ADB's operational goal of scaling up private sector development and private sector operations. The project is also aligned with the country partnership strategy, 2018-2022 for India.
Safeguard Categories
Environment B
Involuntary Resettlement B
Indigenous Peoples B
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 31 Jul 2018
Credit Committee Meeting 19 Jan 2019
Approval 22 Feb 2019
Last PDS Update 27 Mar 2020

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 Access to Information Policy (AIP) 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.

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Title Document Type Document Date
Avaada Solar Project: Report and Recommendation of the President Reports and Recommendations of the President Jan 2019
Avaada Solar Project: Gender Action Plan Gender Action Plans Jan 2019
Avaada Solar Project: Initial Poverty and Social Analysis Initial Poverty and Social Analysis Jan 2019

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.

Title Document Type Document Date
Avaada Solar Project: Environmental and Social Monitoring Report (2019-2020) Environmental and Social Monitoring Reports Aug 2020

Evaluation Documents See also: Independent Evaluation

None currently available.

Related Publications

None currently available.

The Access to Information Policy (AIP) 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.