The Project involves the development, construction and operation of 189.27 MW solar photovoltaic capacity and 204 MW wind generation capacity in Karnataka state in India. Entire energy output of the Project has been tied up with Bharat Aluminium Company Limited (“BALCO”).

The Project supports India’s energy transition through expansion of renewable energy sources capacity and reduction of reliance on fossil fuels. The Project will demonstrate application of hybrid (solar and wind) based renewable energy project for captive (i.e., non-utility use) in India.

The solar and wind power plants were contracted with third-party  equipment suppliers on fixed-price turnkey basis.

The Project has been categorized as Category B in line with the NDB Environment and Social (E&S) Framework. The Project has not resulted in the involuntary resettlement of individuals, nor will it negatively impact indigenous peoples. Based on the nature and scope of ongoing and future project activities, the potential adverse E&S impacts and risks are expected to be localized to the project footprints, largely reversible and temporary. An Environmental and Social Corrective Action Plan (“ESCAP”) has been developed to ensure the Project adheres to the country systems and international good practices, aligning with the NDB Environment and Social Framework (“ESF”) requirements. The Project, upon fulfilling the country system requirements and effective implementation of Environmental and Social Management Plan (“ESMP”) and ESCAP, will be in material compliance with NDB ESF.

As per current financing plan: