India: Avaada Solar Phase 2 Project

Nonsovereign Project | 52126-002

Avaada Energy Private Limited is involved in development, construction and operation of renewable energy projects, primarily solar power projects.

Project Details

  • Project Officer
    Agrawal, Keshari Nandan

    Request for information
  • Approval Date
    22 September 2020
  • Country/Economy
  • Sector
    • Energy
Project Name Avaada Solar Phase 2 Project
Project Number 52126-002
Borrower / Company Avaada Energy Private Limited
Country / Economy India
Location Nation-wide
Type or Modality of Assistance
7643 Equity Ordinary capital resources INR 565.90 million Approved
JL09 Equity Leading Asia's Private Infrastructure Fund (LEAP) USD 7.50 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 Effective gender mainstreaming
Responsible ADB Department
Responsible ADB Division
Responsible ADB Officer Agrawal, Keshari Nandan
Project Sponsor(s) Avaada Ventures Private Limited
Description Avaada Energy Private Limited is involved in development, construction and operation of renewable energy projects, primarily solar power projects.
Objectives and Scope The proposed investment will enable Avaada Energy Private Limited to expand its solar photovoltaic 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 A
Involuntary Resettlement B
Indigenous Peoples B
Summary of Environmental and Social Aspects
Environmental Aspects As the company progresses with its expansion program and more details about the location and environmental risks have become available, it is likely that some projects and associated facilities, especially the large projects in its portfolio (300 MW or more), could be located in the proximity of sensitive receptors or could potentially impact environmentally sensitive areas or protected species. Therefore, ADB is taking a conservative and precautionary approach and has categorized the project as A.
Involuntary Resettlement The company buys or leases land for its various projects. Land is purchased through negotiated settlement with individual landowners, and in some cases leased from existing solar park estates on a long-term basis, on mutually agreed terms. Land for existing projects have either been purchased or leased from industrial estates. For future projects, the company plans to buy or lease land on a negotiated basis. The site or land selection procedure avoids inhabited, irrigated land or land owned by ethnic peoples. Grid connectivity is mostly in close vicinity to the project boundary thereby avoiding any right-of-way issues. Hence, involuntary resettlement impacts are not envisaged.
Indigenous Peoples The company's site selection process for projects typically avoids indigenous peoples' land or areas and none of the subprojects owned by the company are located on indigenous peoples' land. Hence related issues and impacts are not envisaged.
Stakeholder Communication, Participation, and Consultation The consultation and disclosure process happens during the different stages of the project life cycle. During site selection, the land and the environment, health, and safety teams engage with different stakeholders to understand and assess any concerns around the site and to gauge expectations of different stakeholder groups. The environmental assessment process also engages with different stakeholder groups in its assessment of impacts and its design of mitigation strategies. During the development, construction, and operations phases, the CSR team involves and engages with different community groups to assess needs and plan intervention measures. The environment, health, and safety/CSR team and the site management team maintain an open communication channel and communicate with stakeholders periodically to manage concerns/grievances (if any) and to share/gather feedback on CSR programs.
Timetable for assistance design, processing and implementation
Concept Clearance 09 Jun 2020
Credit Committee Meeting 17 Aug 2020
Approval 22 Sep 2020
Last PDS Update 30 Sep 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.

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.

Title Document Type Document Date
Avaada Solar Phase 2 Project: Report and Recommendation of the President Reports and Recommendations of the President Aug 2020
Avaada Solar Phase 2 Project: Gender Action Plan Gender Action Plans Aug 2020
Avaada Solar Phase 2 Project: Initial Poverty and Social Analysis Initial Poverty and Social Analysis Aug 2020

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 Phase 2 Project: Environmental and Social Impact Assessment Environment and Social Impact Assessments Oct 2019

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.