PROJECT

Projects

Environmental Review Summary

Project Number

505969

Date ERS Disclosed

Dec 21, 2000

Country

India

Region

South Asia

Environmental Category

B - Limited

Status

Completed

Sector

Electric Power Other (Including Holding Companies)

Industry

Infrastructure

Department

Advisory Services

Project Description

AquaSolar plans to build a network of plants to produce and sell safe, packaged drinking water throughout Southern India. Water will be extracted from ground water sources using PV powered pumps, purified and packaged using PV-powered equipment. The Company will franchise plant operation and water sales to local entrepreneurs. PVMTI, an IFC investment vehicle aimed to increase investment in the renewable energy sector, will provide US$2.2m in debt, approximately US$.5m in equity, and US$.3m in grant funds to AquaSolar, which is a company sponsored by Total Solar Energie India Ltd (TSEI). PVMTI is managed by Impax Capital and IT Power.

Environmental and Social

Conclusion & Monitoring