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Canada’s Total Climate Finance Contribution:
$130,000 CAD
- 2010 to 2011: $130,000 CAD
Targeted Countries:
India
Funding Period: 2010 to 2011
Type of Support:
Mitigation
Project Funded through a Canadian Facility:
IFC - Canada Climate Change Program (CCCP)
Delivery Partner(s):
Description
The IFC-Canada Climate Change Program financed advisory services to assist the Government of Odisha, India in structuring and implementing a public-private partnership (PPP) transaction for a grid connected rooftop and distributed solar power project. The project aims to build capacity within the relevant government entities to manage, implement, and monitor rooftop solar photovoltaic (PV) projects. The project will carry out the technical, commercial, legal and regulatory due diligence for the project and present the proposed transaction structure to the Government of Odisha.
Results/Expected Outcomes
With support from Canada, this project is expected to mobilize an additional $405,000 in co-financing from public and private sources and lead to an estimated greenhouse gas emissions reduction of 5,000 metric tons of CO2 per year as a result of clean power generation.* In addition, the project expects to develop a replicable and bankable structure and business model based on detailed due diligence and stakeholder consultations for the Government of Odisha.
Co-Financing/Mobilized Finance ($CAD):
$405,000
Estimated GHG (metric tons of CO₂) Reduction Associated with Project (per year)Disclaimer *:
5,000