Enhancing India’s Readiness to Climate Finance

MEMBER
S
Enhancing India’s readiness to access and deliver international climate finance
Annex V – CTF Profile
Fund Overview
The Clean Technology Fund is one of four
multi-donor Climate Investment Funds, set up
in 2009 to promote scaled-up finance for
demonstration, deployment and transfer of
low-carbon technologies. The CTF was
capitalised through pledges by Australia,
Canada, France, Germany, Japan, Spain,
Sweden, United Kingdom, and United States,
totaling $5.5 billion. The funds are managed
and administered by the World Bank and
other multilateral development banks.
The CTF aims to delivering finance at the
minimum level of concessionality possible,
and to promote investments in promising new
technologies that are not yet market-ready.
India’s experience accessing CTF
India’s CTF Investment Plan was submitted in
2011, and proposes two phases of
investment. In the initial phase, the
Government of India is seeking $750 million
from the CTF. Nearly $350 million of this
financing has been approved by the CTF, but
none of the money has been disbursed yet.
GOVERNANCE STRUCTURE
CTF Trust Fund
MDB
Committee
Committee
8 representatives from donor
countries
8 representatives from eligible
recipient countries
1 representative of a recipient
country under consideration for
a programme, project or
investment plan for that period
of deliberation
1 senior representative of the
World Bank
1 representative of the MDBs
OBSERVERS
Partnership
Forum
4 CSO
2 Private sector
entities
UNFCC
UNDP
UNEP
Contributor
countries other
than member
countries
Eligible recipient
countries
Administrative
Unit and a
Trustee (IBRD)
Table V.1: India’s project pipeline for CTF funds
Project Phase I Implementer Cost (S millions)
Himachal Pradesh Environmentally Sustainable Development Policy Loan World Bank 100
National Mission on Enhanced Energy Efficiency—SEEP World Bank 50
Partial Risk Guarantee Scheme for New Technologies in Energy Efficiency World Bank 25
Rajasthan Solar Park ADB 200
Gujarat Solar Park ADB 150
Maharashtra Solar Park ADB 150
Integrated Solar-hybrid Pilot Project ADB 50
National Mission on Enhanced Energy Efficiency – PAT Phase I World Bank 50
Project Phase II Implementer Cost (S millions)
National Mission on Enhanced Energy Efficiency – PAT Phase II World Bank 150
Support to National Solar Mission World Bank 150
Northeast Transmission World Bank 100
Rajasthan Urban Transformation ADB 100
Net-Energy Positive Wastewater technologies for clean-up of the Ganga river World Bank 100
Eastern Dedicated Freight Corridor World Bank 500
Private Sector Financial Intermediation ADB-PSOD 75
Energy Efficiency & Renewable Energy Guarantee Facility ADB-PSOD 200
Scaling up Renewable Energy & Energy Efficiency in private sector IFC 100
Source: CTF Investment Plan for India, 2011)
Ref: Ricardo-AEA/R/ED59216/Final Report
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