| Project Detail |
The proposed facility will be used by Tata Cleantech Capital Limited (TCCL) to finance renewable energy, power
transmission & distribution and water infrastructure construction projects in India.
TCCL, a non-bank financial company classified as Infrastructure Finance Company by Reserve Bank of India, is one of the
leading financiers of renewable energy in India. TCCL is a joint venture between Tata Capital Limited and the International
Finance Corporation. Tata Capital Limited is majority-owned by Tata Sons Private Limited, the leading Indian conglomerate.
The International Finance Corporation is a member of the World Bank Group.
TCCL has contributed to sustainable development by participating in the funding of more than 5.2 GW of Renewable Energy
Projects. It was the first private sector firm to partner with the Green Climate Fund to develop rooftop solar in India. Since
inception, TCCL spread across various sectors in Cleantech, both in utility scale and small-scale segments, has funded over
150 projects and has established a very high-quality USD 700 million loan book.
The proposed financing supports AIIBs Sustainable Energy for Asia Strategy and Strategy on Mobilizing Private Capital for
Infrastructure. The proposal is aligned with the Government of Indias plans to reduce Indias carbon intensity by 30%-35%
of 2005 levels under the Paris Agreement.
Objective To mobilize private capital for investments in subprojects that will support: (a) increased supply of renewable energy
generation, (b) expanded transmission and distribution network, and (c) enhanced water infrastructure in India |
