Financial knowledge expert in India

The objective of the KfW Programmes is to promote the use of renewable energy sources for electricity generation in India. The TA shall support IREDA in its efforts to consolidate its leading role in the field of financing renewable energies in India with special emphasis to solar energy. The range of envisaged technical assistance for IREDA in general and in connection with the two project parts is quite wide and rather intertwined. The following information shall serve only as a short introduction of consultants to the background on which KfW is cooperating with IREDA. The planned TA shall focus on general support to IREDA as an institution, however.   The objective of the KfW Programmes is to promote the use of renewable energy sources for electricity generation in India. Primarily, project types which are relatively new in India in terms of technology, institutional setup or financing structure shall be financed. The focus of the accompanying measure of the second line of credit is IREDA’s risk management and the focus of the fourth is on solar energy projects. The German Government made available an interest subsidized loan of EUR 50 million under IREDA II and intends to make available another EUR 200 million under IREDA IV-LoC. This is accompanied by grants of EUR 1 m (IREDA II-LoC) and 0.5 million (IREDA IV-LoC) for Technical Assistance (TA) to support capacity development in IREDA and Programmes under German Financial Cooperation (FC). The total costs of the energy projects to be financed under the Loan Programmes shall be financed up to 70% from the loans, as usually a 30% equity contribution of the borrower is required. This applies also to cases of co-financing with other banks / financial institutions.   The Loan under IREDA II-LoC shall be used to finance projects in the field of renewable energies and demand-oriented energy efficiency (“Sub-Loans”) with at least 25% of the total loan for each sector. This concerns above all wind power (innovative models like IPP), small hydros (up to 25 MW), biomass / CHP and photovoltaics in RE and EE in industry and buildings.   At least 60 % of the IREDA IV-LoC amount shall be used for “New Renewable Energies”, esp. Solar Energy Projects for Power Generation (PV and CSP), Wind Energy Projects (using Generation Based Incentives) and innovative Biomass and Cogeneration Projects   In order to ensure that the Sub-Borrowers prepare, carry out, operate, and maintain the projects in conformity with sound financial and engineering practices as well as environmental and social norms, IREDA shall monitor the projects at all times, and at least annually inspect the project sites until one year after commissioning.