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Summary of Proposed Investment

This Summary of Proposed Investment is prepared and distributed to the public in advance of the IFC Board of Directors’ consideration of the proposed transaction. Its purpose is to enhance the transparency of IFC’s activities, and this document should not be construed as presuming the outcome of the Board decision. Board dates are estimates only.

Project number 28350
India (IDA)
Environmental categoryA
Date SPI disclosedOctober 26, 2009
Projected board dateDecember 29, 2009
Previous EventsInvested: April 15, 2011
Signed: March 30, 2010
Approved: March 25, 2010
View Environmental & Social Review Summary (ESRS), click here
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  Overview     Sponsor/Cost/Location     Development Impact     Contacts     Attachments  

Project description
The project consists of the first phase of a two-phase development program and involves the construction in Karnataka, India of a greenfield, state-of-the-art and energy efficient 2.7 million tons per annum (mtpa) integrated cement plant along with a 40 MW captive power plant, a waste heat recovery unit and necessary infrastructure to accommodate a doubling of the plant’s capacity when the two-phase program is completed in the future. The project is scheduled to start commercial operations in 2012.