India: Innovative Financial Instruments for Power Grid

Sovereign Project | 44406-012 Status: Closed


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Project Name Innovative Financial Instruments for Power Grid
Project Number 44406-012
Country India
Project Status Closed
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 7688-IND: Innovative Financial Instruments for Power Grid
Technical Assistance Special Fund US$ 225,000.00
Strategic Agendas Inclusive economic growth
Drivers of Change Governance and capacity development
Sector / Subsector

Energy - Electricity transmission and distribution

Gender Equity and Mainstreaming No gender elements
Project Rationale and Linkage to Country/Regional Strategy

Project Outcome

Description of Outcome
Progress Toward Outcome Powergrid's Corporate financing plan and roadmap for nonsovereign operations developed. Powergrid has since concluded another ECA agreement with external commercial lenders.
Implementation Progress
Description of Project Outputs
Status of Implementation Progress (Outputs, Activities, and Issues)

A draft paper has been developed outlining Powergrid's funding strategy.

Powergrid intends to pursue its options to borrow funds from international markets, including obtaining an international credit rating, over the next 2 years.

Powergrid has further strengthened its internal project appraisal systems which are substantially in conformity with ADB's Safeguards Policy Statement, 2009. Rigorous financial assessment of projects is made before taking any investment decisions.

Geographical Location

Summary of Environmental and Social Aspects

Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design
During Project Implementation

Business Opportunities

Consulting Services

The SSTA will recruit 2 international consultants including (i) a financial specialist and (ii) a legal specialist. They will be supported by two national consultants in the same fields to carry out detailed data gathering and analysis. In addition, to ensure that safeguards requirements will be incorporated into the design of the demonstration projects selected for financing, the work will be supported by national environment and resettlement specialists. To assess the project's economic aspect, one national economist will be included in the SSTA. These seven consultants will work on an intermittent basis during the TA implementation period from November 2010 to October 2011.

The consultants would be recruited as individual consultants, separately. They will be engaged in accordance with ADB's Guidelines on the Use of Consultants (2010, as amended from time to time). The SSTA is expected to be implemented from November 2010 to October 2011.

Responsible Staff

Responsible ADB Officer Srinivasan Janardanam
Responsible ADB Department South Asia Department
Responsible ADB Division Energy Division, SARD
Executing Agencies
Power Grid Corporation of India Limited
Plot No. 2, Sector - 29
Gurgaon - 122 001 Haryana, India


Concept Clearance 28 Feb 2010
Fact Finding 28 Feb 2010 to 13 Mar 2010
Approval -
Last Review Mission -
Last PDS Update 30 Mar 2012

TA 7688-IND

Approval Signing Date Effectivity Date Closing
Original Revised Actual
26 Nov 2010 - 26 Nov 2010 31 Oct 2011 - -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
225,000.00 0.00 0.00 60,000.00 0.00 0.00 285,000.00 26 Nov 2010 131,126.39
Title Document Type Document Date
Innovative Financial Instruments for Power Grid TA Completion Reports Jun 2012

Safeguard Documents See also: Safeguards

Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.

None currently available.

Evaluation Documents See also: Independent Evaluation

None currently available.

Related Publications

None currently available.

The Public Communications Policy (PCP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.

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