PROJECT

Projects

Summary of Investment Information

Project Number

35058

Company Name

AZURE CLEAN ENERGY PRIVATE LIMITED

Date SPI Disclosed

Aug 28, 2014

Country

India

Region

South Asia

Projected Board Date

Sep 30, 2014

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Jun 12, 2021

Department

Regional Industry - INF Asia & Pac

Industry

Infrastructure

Previous Events

Approved : Oct 2, 2014
Signed : Oct 31, 2014
Invested : Mar 27, 2015

Sector

Solar - Renewable Energy Generation

Additional Project Attributes

Public-Private Partnerships

Project Description

The Project involves development of a 40MW solar power plant in the low income state of Rajasthan by Azure Power India Private Ltd (“Azure” or the “Sponsor”), an existing IFC client, through a wholly owned subsidiary called Azure Clean Energy Private Limited (the “Company”). The Company has been setup for the sole purpose of construction, operation, and maintenance of the 40 MW project and will not have any other operations.
The Project is expected to be commissioned by 28th April2015. The off-taker will be Solar Energy Corporation of India (“SECI”), a Government of India entity.
The Company plans to sign the Engineering, Procurement and Construction (“EPC”) and Operations and Maintenance (O&M”) agreements for the Project with Azure.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation