Common Contracts
1 similar Framework Financing Agreement contracts
FRAMEWORK FINANCING AGREEMENT (IND: SOLAR ROOFTOP INVESTMENT PROGRAM)Framework Financing Agreement • September 9th, 2016
Parties This Framework Financing Agreement (“FFA”) dated 12 August 2016 is between Punjab National Bank (PNB), and India acting by its President (“Guarantor”) on the one part, and Asian Development Bank (“ADB”) on the other part. MFFInvestment Program PNB is committed to and will implement the Solar Rooftop Investment Program, which is an integral part of the Government of India (GOI)’s investment program to meet the 40 GW solar rooftop capacity expansion target. Both the ADB investment program and the GOI investment program are described in Schedule 1 hereto. The total cost of the ADB investment program over the period 2016 to 2022 is expected to be $1 billion equivalent, inclusive of $500 million ADB program funding, $300 million subproject equity, and $200 million leveraged commercial financing. The total cost of the GOI investment program, over the period 2015 to 2022 is expected to be $40 billion equivalent. Multitranch e Financing Facility The Multitranche Financing Facility (the
