Indian Railways Global Ceiling Fan Competition      ||      Clean Energy Investment Facilitation Platform      ||      South Asia Clean Energy Forum (SACEF) 2024      ||      Inviting applications for the SAREP Grants Annual Program Statement (APS) – FY2024. “[ON HOLD]: In light of the recent Executive Order titled “Reevaluating and Realigning United States Foreign Aid” signed by President Trump on January 20, 2025, the South Asia Regional Energy Program (SAREP) Project has been placed in a “Stop Work” status by USAID. As a result, this solicitation is currently on hold until further notice. RTI cannot receive or answer any questions or accept bids at this time. Please check back at a later date for updates.” For more information click Here.
Opportunities: I. Request for Proposal (RFP) – Bhutan Power System Operator (BPSO) e-Monitoring Digitalization Solution. For more information click here. Last date: February 10, 2025.      ||      II. Request for Proposal (RFP) – Provide Technical Services to Support the Saturation of Government Buildings with Rooftop Solar in Haryana. For more information click here. Last date: February 7, 2025.

Introduction

Based on the clean energy commitments made under the Nationally Determined Commitments (NDCs) as part of The Paris Agreement (2015), the South Asian (SA) countries will require a cumulative investment of $2.6 trillion till 2030. Such quantum of investment has no past precedence, and conventional sources of capital are inadequate to meet this huge investment requirement.

SAREP plans to bridge this investment gap and mobilize investment in the clean energy space by providing technical assistance, organizing capacity building workshops and developing collateral for thought leadership, and thereby support the achievement of the envisaged clean energy targets for SA countries. SAREP proposes support investments in clean energy by developing new business models, preparing strategies to enable decarbonization, facilitating use of new and innovative financing instruments and supporting capital raise initiatives.

Introduction

Key Interventions

  • Developing financing strategy/roadmaps for public sector undertakings
  • Creating ESG (Environmental, Social, and Governance) framework for financing institutions
  • Managing setup of investment mobilization platforms and organizing investor summits (in partnership with Invest India and Impact Investors Council)
  • Supporting transactions for public and private entities
  • Developing green public procurement frameworks for public entities in South Asia
  • Facilitating regional dialogue and sharing best practices in South Asia on green public procurement
  • Structuring PPPs for electric buses, Round-the-clock (RTC) power, electric charging infrastructure, asset monetization, and smart metering
  • Innovative financing instruments like InvITs, green bonds, Alternative Investment Funds (AIFs)
  • Developing toolkits for financing institutions to appraise projects
  • Training of FIs in technologies like green hydrogen and e-mobility
  • Monetizing assets and developing new PPP models

Key Achievements

Developed financing strategy of USD 45 Bn for NTPC and USD 26 Bn for DGPC

Closed $6 million transaction with e-mobility investment mobilization platform

Developed hydro and solar toolkits for HIDCL. Projects worth $1 million (25 MW capacity) approved (as of January 2024)

Launched ESG strategy for Power Finance Corporation (PFC)

Facilitated 1st award of 1390 e-buses under PM's e-Bus Sewa scheme done 2nd tender for 3,808 e-buses release

Tender 20000

Closed a debt transaction of $175 million in Bhutan

Managed RTC power for IR - tender awarded for 900 MW and released for 1.4 GW

Mobilized investments of more than $7 billion in clean energy space

Strengthened capacity of more than 170 participants from 35 organizations and 5 countries in green hydrogen