📋 Tender Overview
Scope :
The proceeds of the ADB debt financing will be utilized to fund the construction of five biomass power plants with total generation capacity of 74.5-megawatt, utilizing agricultural residue as feedstock, in districts of Bikaner, Churu, Hanumangarh, Jhunjhunu and Sikar in Rajasthan state, India.
The project is aligned with the government's target of reaching at least 500 gigawatts of non-fossil energy capacity, meeting 50% of India's energy requirements from renewable energy sources, and reducing the carbon emissions intensity of the economy by 45% by 2030.
The project is consistent with the following operational priorities (OPs) of Strategy 2030: (i) accelerating progress in gender equality (OP 2); and (ii) tackling climate change, building climate and disaster resilience, and enhancing environmental sustainability (OP 3). It contributes to ADB's goal to provide cumulative climate finance of $100 billion during 2019-2030, since the loan contributes to ADB's climate financing. By promoting stable power supply and increasing the proportion of renewable energy, the project is aligned with pillar 2 (inclusive provision of infrastructure networks and services) and pillar 3 (addressing climate change and increasing climate resilience) of ADB's country partnership strategy for India, 2018-2022. The country partnership strategy also refers to focusing on the government's priority of doubling farmers' incomes, which the project will support by generating additional income to the farmers through feedstock procurement. The project has been assessed as being Paris aligned in accordance with the Guidance Note on Implementing Operations' Alignment with the Paris Agreement at ADB and is fully aligned with ADB's Energy Policy, which prioritizes support for renewable energy development.
