A Framework Financing Agreement (FFA) for Multitranche Financing Facility (MFF) of the Investment Program was signed on 29 February 2008 among ADB, India, and Power Grid Corporation of India Limited (POWERGRID), the Borrower and EA. Subsequently, on 28 March 2008, ADB approved the MFF of an aggregate amount of $600 million to POWERGRID for the Investment Program. Initially, the scope of the program comprised of two projects; Project 1: Upgradation of Transmission Capacity for Evacuation of Power from Uttarakhand, and Project 2: 800 kV High Voltage Direct Current (HVDC) Northeastern Northern/Western Interconnector. However, due to the delay in commissioning of the associated hydropower generating facilities in Uttarakhand, POWERGRID decided to keep on hold the implementation of Project 1 until 2013. As a result, it was decided that all ADB facility of $600 million under the MFF will be utilized to fund Project 2: +800kV HVDC North East - Northern/Western Interconnector in two tranches.
Latest Project Documents
Consulting NoticesSee also: CMS
Procurement NoticesSee also: Operational Procurement
|MFF - National Power Grid Development Investment Program - Project 3||Jun 2015|
Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.
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