The State Bank of India has issued request for proposal (RfP) to appoint consultants to assess the bank’s carbon impact in its lending portfolio. The bank aims to offer solutions in climate risk and sustainability finance area.
According to the tender guidelines, the bidders are required to submit Rs 100,000 as an earnest money deposit. Also, the bidder must furnish a performance bank guarantee equaling to 3 per cent of the total contract amount. Furthermore, only Indian companies are eligible for taking part in the bidding and must be established in the country for a minimum of five years. To be eligible, bidders must possess experience in assessing the carbon impact of Indian or Asian bank’s lending portfolio. They must also have experience in developing strategies for reducing greenhouse gas emissions, creating plans for government organisations, or in managing climate risk. The bid submission deadline is October 15, 2023.
In November 2022, the SBI invited bids from public sector undertakings to provide consultancy services for a 2 MW grid-connected solar project located in Jaipur’s Mahindra World City. The project will be executed on SBI’s vacant land in the city.
In the same month, SBI granted an additional €150 million low-interest loan from Germany’s KfW Development Bank to fund solar projects in India. The loan agreement was signed by the two banks as part of the Indo-German solar energy partnership.