The proposed loan will enable the borrower to construct a 200-megawatt solar photovoltaic based power plant located in the state of Gujarat in India.
|Project Name||Gujarat Solar Power Project|
|Borrower/Company||Electro Solaire Private Limited
|Type or Modality of Assistance||
|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||Infrastructure Finance Division 1|
|Responsible ADB Officer||Agrawal, Keshari Nandan|
|Project Sponsor(s)||ENGIE Solar SAS
Solairedirect Energy India Private Limited (SDI)
|Description||The proposed loan will enable the borrower to construct a 200-megawatt solar photovoltaic based power plant located in the state of Gujarat in India.|
|Objectives and Scope||The project will further diversify the energy mix of India in favor of renewable energy and help the Government of India meet its targets for non-fossil-fuel-based electric power generation, leading to a reduction in the intensity of India's carbon emissions.|
|Linkage to Country/Regional Strategy||The project is fully aligned with ADB's Energy Policy, which prioritizes support for renewable energy development. The project is consistent with the following operational priority of ADB's Strategy 2030: tackling climate change, building climate and disaster resilience, and enhancing environmental sustainability. It contributes to ADB's goal to provide climate finance of $80 billion cumulatively from 2019 to 2030. Total climate mitigation finance is estimated to cost $65.5 million, 100% of ADB's own investments. No adaptation finance has been estimated for this project. It relates to two of the five core specializations of ADB: infrastructure and environment. The project will also contribute to ADB's operational goal of scaling up private sector development and private sector operations, including supporting private sector operations' long-term cofinancing target where every $1 in financing is to be matched by $2.50 of long-term cofinancing as per ADB's Strategy 2030. The project is aligned with ADB's country partnership strategy for India, 2018 2022, which calls for higher efficiency and carbon mitigation through power generation from renewable sources.|
|Summary of Environmental and Social Aspects|
|Environmental Aspects||An independent consultant has prepared an initial environmental examination report. The potential environmental impacts noise, vibration, dust, waste generation, ground contamination, and soil erosion are generally associated with construction activities. These impacts are generally site-specific and short-term and can be effectively managed. Environmental and occupational health and safety provisions, consistent with ADB's Safeguard Policy Statement requirements, will be incorporated into the contractor agreements.|
|Involuntary Resettlement||No impact is expected as the 380-hectare project area is owned by Gujarat Power Corporation Limited and is leased to the project for 25 years. Land is unproductive and uncultivable in nature.|
|Indigenous Peoples||No impact is expected as project area is unutilized and not within areas where distinct and vulnerable indigenous peoples or ethnic groups reside.|
|Stakeholder Communication, Participation, and Consultation||The borrower has conducted public consultations with communities in the project area. The project is perceived to help the community economically. The borrower will develop a consultation and grievance redress mechanism process that will set out continuing engagement with stakeholders and nearby communities.|
|Timetable for assistance design, processing and implementation|
|Concept Clearance||04 Feb 2020|
|Credit Committee Meeting||16 Mar 2020|
|Approval||20 Apr 2020|
|Last PDS Update||22 Apr 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.
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|Title||Document Type||Document Date|
|Gujarat Solar Power Project: Report and Recommendation of the President||Reports and Recommendations of the President||Mar 2020|
|Gujarat Solar Power Project: Initial Poverty and Social Analysis||Initial Poverty and Social Analysis||Mar 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|
|Gujarat Solar Power Project: Initial Environmental Examination||Initial Environmental Examination||Jul 2020|
|Gujarat Solar Power Project: Initial Environmental Examination||Initial Environmental Examination||Feb 2020|
Evaluation Documents See also: Independent Evaluation
None currently available.
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.
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