IFC has assisted the Bhubaneswar Development Authority (BDA) to structure a public-private partnership for the design and construction of a greenfield housing project in Bhubaneswar, using private capital for the creation of affordable housing. A development agreement with the SPV formed by the selected bidder was signed in June 2017.
The objective of this project is to implement energy efficiency measures in the public street lighting system across five cities (Bhubaneswar, Berhampur, Cuttack, Sambalpur and Rourkela) in the state of Odisha. IFC has provided transaction advisory support to the Government of Odisha (GoO) to identify a private sector partner to implement the project through a transparent competitive bid process.
IFC is assisting the government of Odisha to implement grid connected solar photovoltaic power projects at several different locations identified by the government. Seven sites distributed across six districts—Balasore, Keonjhar, Deogarh, Boudh, Kalahandi and Angul—have been identified.