Summary of Proposed Investment
Project Number
505600
Date SPI Disclosed
Sep 21, 2000
Country
India
Industry
Infrastructure
Projected Board Date
Oct 23, 2000
Status
Completed
Sector
Commercial Banking - General
Department
Sustainable Business Advisory Dept
Environmental Category
C - No Impact
Project Description
The company plans to retail solar home systems, shop lighting and other PV products through its network of retail outlets. The project aims to enhance significantly the rate of consumer adoption of high quality products sold with consumer finance and after sales service.
This is a project financed by the IFC/GEF Photovoltaic Market Transformation Initiative (PVMTI). The Global Environment Facility (GEF) has provided $30 million in concessional funds to IFC to support investments in private sector projects to encourage market development for photovoltaics. PVMTI aims to address market barriers by making available appropriate financing and stimulating business activity, accelerating PV penetration to achieve reductions in greenhouse gases. By harnessing the innovation and discipline of the private sector in designing and implementing PV projects, IFC is helping to shift the design and financing of PV market activity to a more sustainable and replicable private sector context.
By investing PVMTI funds in the project, IFC intends to support the demonstration of a successful and replicable business model for the Indian PV market.
This is a project financed by the IFC/GEF Photovoltaic Market Transformation Initiative (PVMTI). The Global Environment Facility (GEF) has provided $30 million in concessional funds to IFC to support investments in private sector projects to encourage market development for photovoltaics. PVMTI aims to address market barriers by making available appropriate financing and stimulating business activity, accelerating PV penetration to achieve reductions in greenhouse gases. By harnessing the innovation and discipline of the private sector in designing and implementing PV projects, IFC is helping to shift the design and financing of PV market activity to a more sustainable and replicable private sector context.
By investing PVMTI funds in the project, IFC intends to support the demonstration of a successful and replicable business model for the Indian PV market.
Sponsor / Cost / Location
Development Impact
Related ESRS/ERS
Contacts
For Inquiries About the Project, Contact
Mr. Arvind Vijh
Managing Director
Shell Renewables India Pvt. Ltd.
S 907 Manipal Centre
47, Dickenson Road
Bangalore 560 042, India
e-Mail: shellren@bgl.vsnl.net.in
Managing Director
Shell Renewables India Pvt. Ltd.
S 907 Manipal Centre
47, Dickenson Road
Bangalore 560 042, India
e-Mail: shellren@bgl.vsnl.net.in